S.Amdt. 2264

SA 2264. 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 4(f), in the subsection heading, strike ``or
Directors'' and insert ``Directors, or Principal
Shareholders''.
In section 4(f)(1)(A), strike ``; or'' and insert a
semicolon.
In section 4(f)(1)(B), strike the period and insert ``;
or''.
In section 4(f)(1), add at the end the following:
(C) a principal shareholder of a payment stablecoin issuer.
In section 4(f), add at the end the following:
(3) Principal shareholder.--For purposes of paragraph
(1)(C), a person is a principal shareholder of a payment
stablecoin issuer if that person controls more than 5 percent
of a class of equity securities of a payment stablecoin
issuer.
In section 5(c)(2), insert ``any crime involving dishonesty
or breach of trust or'' after ``convicted of''.
______