S.Amdt. 2344

SA 2344. Mr. PAUL 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.

[[Page S3291]]

1582, to provide for the regulation of payment stablecoins, and for
other purposes; which was ordered to lie on the table; as follows:
Beginning on page 38, strike line 10 and all that follows
through page 43, line 18, and insert the following:
(12) Eligibility.--Nothing in this Act shall be construed
as expanding or contracting legal eligibility to receive
services available from a Federal Reserve bank or to make
deposits with a Federal Reserve bank, in each case pursuant
to the Federal Reserve Act.
(13) Rule of construction.--Compliance with this section
does not alter or affect any additional requirement of a
State payment stablecoin regulator that may apply relating to
the offering of payment stablecoins.
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