S.Amdt. 2335

SA 2335. Ms. WARREN submitted an amendment intended to be proposed by
her 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:

SEC. __. TREATMENT UNDER THE BANK SECRECY ACT.

(a) Sense of Congress.--Any entity or service that
functions as a financial institution, as defined in the Bank
Secrecy Act, regardless of whether the entity or service is
centralized or decentralized, is required to comply with Bank
Secrecy Act obligations, including anti-money laundering and
countering the financing of terrorism obligations, to prevent
abuse by criminals, terrorists, and adversaries who seek to
exploit perceived gaps in required safeguards across
different types of entities and services.
(b) Clarification as to Digital Asset Service Providers.--
Digital asset service providers shall be treated as financial
institutions for the purposes of the Bank Secrecy Act.
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