S.Amdt. 2261

SA 2261. Mr. SCHIFF 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, insert the
following:
(__) Disclosure Relating to Payment Stablecoins.--Section
13104(a) of title 5, United States Code, is amended--
(1) in paragraph (3)--
(A) in the paragraph heading, by inserting ``and payment
stablecoins'' after ``property''; and
(B) in the first sentence, by inserting ``or payment
stablecoins (as defined in section 2 of the GENIUS Act)''
after ``any interest in property''; and
(2) in paragraph (5)--
(A) in subparagraph (B), by inserting ``payment stablecoins
(as defined in section 2 of the GENIUS ACT),'' after
``commodities futures,''; and
(B) in the flush matter following subparagraph (B), by
adding at the end the following: ``Reporting is not required
under subparagraph (B) of any exchange of payment stablecoins
(as defined in section 2 of the GENIUS Act) for goods and
services.''.
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