S.Amdt. 2258

SA 2258. Mr. REED submitted an amendment intended to be proposed by
him to the bill S. 1582, to provide for the regulation of payment
stablecoins, and for other purposes; which was ordered to lie on the
table; as follows:

At the appropriate place in section 4(a)(8), insert the
following:
(__) Management officials.--
(i) In general.--A management official of a permitted
payment stablecoin issuer may not serve as a management
official of any other permitted payment stablecoin issuer
that is not an institution-affiliated party.
(ii) Enforcement.--In the enforcement of any violation of
clause (i), the Attorney General shall have all of the
functions and powers afforded the Attorney General under the
Clayton Act (15 U.S.C. 12 et seq.) without respect to any
jurisdictional limitations under that Act, including the
power to bring an enforcement action in the same manner as if
the violation of this subsection had been a violation of that
Act. All of the functions and powers of the Attorney General
or the Assistant Attorney General in charge of the Antitrust
Division of the Department of Justice are available to the
Attorney General or to such Assistant Attorney General to
investigate a possible violation of clause (i) in the same
manner as if such possible violation was a possible violation
of that Act.
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