S.Amdt. 2317

SA 2317. Ms. WARREN submitted an amendment intended to be proposed to
amendment SA 2307 proposed by Mr. Thune (for Mr. Hagerty (for himself
and Mrs. Gillibrand)) 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(a), strike paragraph (7) and insert the
following:
(7) Limitation on payment stablecoin activities.--A
permitted payment stablecoin issuer may only--
(A) issue payment stablecoins;
(B) redeem payment stablecoins;
(C) manage related reserves, including purchasing, selling,
and holding reserve assets or providing custodial services
for reserve assets, consistent with State and Federal law;
(D) provide custodial or safekeeping services for payment
stablecoins, required reserves, or private keys of payment
stablecoins, consistent with this Act; and
(E) undertake other activities that directly support any of
the activities described in subparagraphs (A) through (D).
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