S.Amdt. 2263

SA 2263. 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:

In section 2(13), insert ``, or agent for,'' after
``controlling stockholder of''.
In section 6(b)(3), in the matter preceding subparagraph
(A), strike ``all such permitted payment stablecoin issuers''
and insert ``all such permitted payment stablecoin issuers,
any insured depository institution, any savings association,
any Farm Credit System institution chartered under, and
subject to the provisions of, the Farm Credit Act of 1971 (12
U.S.C. 2001 et seq.), any appropriate Federal banking agency
(as defined in section 3 of the Federal Deposit Insurance Act
(12 U.S.C. 1813)), the Federal Housing Finance Agency, any
Federal Home Loan Bank, or the Bureau of Consumer Financial
Protection''.
In section 6(b)(3)(A), strike ``; or'' and insert a
semicolon.
In section 6(b)(3)(B), strike the period and insert a
semicolon.
In section 6(b)(3), add at the end the following:
(C) the institution-affiliated party has participated in
any unsafe or unsound practice; or
(D) the institution-affiliated party has breached any
fiduciary duty.
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