Amendment · S.Amdt. 2231· Senate(119-SAMDT-2231)

S.Amdt. 2231

Age: 66 years

California

Introduced: 5/20/2025
Sponsored by: Adam Schiff
Cosponsors: None

Changes bill: 119-S-1582 — GENIUS Act

Introduced
Pending Consideration
Failed

This amendment was never taken up, and the bill finished without it. It was never voted on.

What this amendment would do

Mr. Schiff submitted amendment numbered SA 2231 to the bill S. 1582, which is about regulating payment stablecoins.

The amendment aims to change the text on page 55 of the bill starting at line 16 through line 23. It strikes the original language and inserts new text specifying that certain individuals may serve as an officer of a payment stablecoin issuer, serve as a director of a payment stablecoin issuer, or be a shareholder of a payment stablecoin issuer.