Text of Senate Amendment 2228

On 2025-05-20, Senator Pete Ricketts (R-NE) delivered a floor speech titled "Text Of Senate Amendment 2228" in the Senate.

Text of Senate Amendment 2228

Congressional Record, Volume 171 Issue 85 (Tuesday, May 20, 2025) [Congressional Record Volume 171, Number 85 (Tuesday, May 20, 2025)] [Senate] [Page S3013] From the Congressional Record Online through the Government Publishing Office [ www.gpo.gov ] SA 2228. Mr. RICKETTS (for himself and Ms. Lummis) submitted an amendment intended to be proposed by him to the bill S. 1582, to provide for the regulation of payment stablecoins, and for other purposes; which was ordered to lie on the table; as follows: In section 4(c), add at the end the following: (8) Expedited certifications of existing regulatory regimes.--The Stablecoin Certification Review Committee shall take all necessary steps to endeavor that, with respect to a State that, within 180 days of the date of enactment of this Act, has in effect a prudential regulatory regime (including regulations and guidance) for the supervision of digital assets or payment stablecoins, the certification process under this paragraph with respect to that regime occurs on an expedited timeline after the effective date of this Act. ______