Amendment · S.Amdt. 2276· Senate(119-SAMDT-2276)
S.Amdt. 2276
- Introduced
- 5/22/2025
- Sponsored by
- Lisa Blunt Rochester
- Cosponsors
- None
- Changes bill
- 119-S-1582 — GENIUS Act
- Introduced
- Pending Consideration
- Failed
What this amendment would do
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Ms. Blunt Rochester submitted amendment SA 2276 to the bill S. 1582, which is about regulating payment stablecoins.
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The amendment changes a specific part of the bill—section 18(c)(2)—by striking subparagraph (B) and replacing it with new language.
The Purpose of the Change
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The purpose is to make sure that entities are subject to the jurisdiction of the United States regarding enforcement of the Act.
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It also ensures they are subject to U.S. laws relating to anti-money laundering, countering the financing of terrorism, economic sanctions, financial fraud, and related financial crimes.
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This includes laws administered by specific agencies: the Department of the Treasury, the Office of Foreign Assets Control, the Financial Crimes Enforcement Network, and the Department of Justice.
- 5/22/2025
- Senate amendment submitted
This bill has no cosponsors