S.Amdt. 2286

SA 2286. 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:

[[Page S3181]]

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

(a) Definition.--In this section, the term ``covered
office'' means--
(1) the Department of the Treasury;
(2) an appropriate Federal banking agency;
(3) the Board;
(4) the Comptroller;
(5) the Corporation; or
(6) a primary Federal payment stablecoin regulator.
(b) Prohibition.--No covered office 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 or hardware.
______