S.Amdt. 2273

SA 2273. Mr. CRUZ 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, insert the following:

SEC. ___. PROHIBITION ON RESTRICTING TRANSACTIONS USING SELF-
CUSTODIAL SOFTWARE INTERFACES.

(a) Definition.--In this section, the term ``covered
official'' means--
(1) an appropriate Federal banking agency;
(2) the Board;
(3) the Comptroller;
(4) the Corporation; or
(5) a primary Federal payment stablecoin regulator.
(b) Prohibition.--No covered official may prohibit,
restrict, or otherwise impair the ability of a person to
conduct a transaction that--
(1) is for that person's own and otherwise lawful purposes;
and
(2) uses self-custodial software interfaces.
______