Amendment · S.Amdt. 2252· Senate(119-SAMDT-2252)

S.Amdt. 2252

Age: 77 years

Rhode Island

Introduced: 5/21/2025
Sponsored by: John Reed
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. Reed submitted amendment SA 2252 to the bill S. 1582, which is about the regulation of payment stablecoins.

What It Aims to Change or Add

The amendment adds a new section called STANDARD OF REVIEW at the end of the bill.

It aims to require a reviewing court to defer to the reasonable or permissible interpretation of the statute by an agency under specific conditions.

This rule applies if the Act is silent or ambiguous about a term or provision, and a primary Federal payment stablecoin regulator has followed certain procedures, lawfully adjudicated a matter, or followed corresponding procedural provisions of the Act.

This deference applies regardless of the significance of the related agency action or a possible future agency action.