S.Amdt. 2297

SA 2297. Mr. TUBERVILLE submitted an amendment intended to be
proposed to amendment SA 2228 proposed by Mr. Ricketts (for himself and

[[Page S3237]]

Ms. Lummis) 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:

Add at the end the following:
(d) Prohibition on Foreign Adversary Ownership.--The
following countries may not have a controlling interest of 20
percent or more in a foreign payment stablecoin issuer:
(1) the People's Republic of China, including the Hong Kong
Special Administrative Region and the Macao Special
Administrative Region.
(2) the Republic of Cuba.
(3) the Islamic Republic of Iran.
(4) the Democratic People's Republic of Korea.
(5) the Russian Federation.
(6) the Bolivarian Republic of Venezuela under the regime
of Nicolas Maduro Moros.

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