Amendment · S.Amdt. 2306· Senate(119-SAMDT-2306)

S.Amdt. 2306

Age: 76 years

New York

Introduced: 6/5/2025
Sponsored by: Charles Schumer
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. Schumer submitted amendment numbered SA 2306 to the bill S. 1582, which is about regulating payment stablecoins.

What It Aims to Change

This amendment completely strikes section 3 of the original bill and replaces it with new rules regarding who is allowed to issue payment stablecoins.

Key Additions to the Bill

Who Can Issue: It makes it illegal for anyone other than a permitted payment stablecoin issuer to issue, offer, or transact using a payment stablecoin in the United States or to U.S. persons living in the U.S.
Penalties: Anyone who breaks these rules faces strict punishment, including a fine of up to $1,000,000 per day, up to 5 years in prison, or both.