Amendment · S.Amdt. 2228· Senate(119-SAMDT-2228)
To provide for expedited certification of existing regulatory regimes.
Age: 62 years
Nebraska
- Introduced
- 5/20/2025
- Last activity
- 6/9/2025 — Proposed amendment SA 2228 withdrawn in Senate.
- Sponsored by
- Pete Ricketts
- Cosponsors
- - 1 - 0
- Changes bill
- 119-S-1582 — GENIUS Act
- Introduced
- Withdrawn
What this amendment would do
As your congressional analyst, let us break down what Senator Ricketts and Senator Lummis are trying to do with this amendment to the payment stablecoins bill, S. 1582.
Purpose of the Amendment
The purpose of this amendment is to make sure the Stablecoin Certification Review Committee speeds up the certification process for certain states.
What It Changes or Adds
- It adds a new rule to section 4(c) of the bill.
- It requires the committee to take all necessary steps to ensure an expedited timeline for states that already have their own rules in place.
- To qualify for this fast-track process, a State must have a prudential regulatory regime already in effect within 180 days of the Act being passed.
- 6/9/2025
- Considered by Senate. (consideration: CR S3276)
- Proposed amendment SA 2228 withdrawn in Senate.
- 6/2/2025
- Considered by Senate. (consideration: CR S3155)
- 5/21/2025
- Senate amendment proposed (on the floor): Amendment SA 2228 proposed by Senator Thune for Senator Ricketts.
- Amendment SA 2228 proposed by Senator Thune for Senator Ricketts. (consideration: CR S3025) To provide for expedited certification of existing regulatory regimes.
- Considered by Senate.
- 5/20/2025
- 1 Cosponsor added.
- Senate amendment submitted
Cynthia LummisRepublican · Wyoming