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Code · BILL · 117th Congress · S. 4356 (Introduced in Senate) — To provide for responsible financial innovation and to bring digital assets within the regulatory perimeter. · Sec. 408

Sec. 408. Identified banking products

57 words·~1 min read·/bill/117/s/4356/is/section-408

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Section 206(a) of the Gramm-Leach-Bliley Act ( 15 U.S.C. 78c note) is amended— in paragraph (5)(B)(ii), by striking or at the end; in paragraph (6), by striking the period at the end and inserting ; or ; and by adding at the end the following: a payment stablecoin issued by a depository institution under section 722A. .
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Sec. 408
Identified banking products
U.S.C.§ 78c
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