S.Amdt. 6771

SA 6771. Mr. MORAN (for himself, Mr. Reed, Ms. Collins, Mr. Heinrich,
Mrs. Hyde-Smith, Mr. King, Mr. Curtis, Ms. Smith, Mr. Cornyn, and Ms.
Murkowski) submitted an amendment intended to be proposed by him to the
bill H.R. 3633, to prohibit the Federal reserve banks from offering
certain products or services directly to an individual, to prohibit the
use of central bank digital currency for monetary policy, and for other
purposes; which was ordered to lie on the table; as follows:

In section 10404(b)(1), strike ``economically or
functionally equivalent to the payment of interest or yield
on an interest-bearing bank deposit'' and insert
``substantially similar to the manner in which depository
institutions pay interest or yield''.
In section 10404(c)(1)(A), strike ``solely''.
Amend section 10404(c)(1)(B) to read as follows:
(B) in a manner that is substantially similar to the manner
in which depository institutions pay interest or yield.
In section 10404(c)(2)(A), strike ``economically or
functionally equivalent to the payment of interest or yield
on an interest-bearing bank deposit'' and insert ``made in a
manner that is substantially similar to the manner in which
depository institutions pay interest or yield''.
In section 10404(c)(2)(B), strike ``that is economically or
functionally equivalent to the payment of interest or yield
on an interest-bearing bank deposit'' and insert ``in a
manner that is substantially similar to the manner in which
depository institutions pay interest or yield''.
In section 10404(c)(3)(A), in the second sentence, strike
``economically or functionally equivalent to the payment of
interest or yield on an interest-bearing bank deposit'' and
insert ``made in a manner that is substantially similar to
the manner in which depository institutions pay interest or
yield''.
Strike section 10404(c)(3)(B).
In section 10404(c)(3), redesignate subparagraph (C) as
subparagraph (B).
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