Sec. 7. Exemption from securities requirements
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/bill/117/s/5340/is/section-7·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Section 2(a)(1) of the Securities Act of 1933 ( 15 U.S.C. 77b(a)(1) ) is amended by adding at the end the following: The term . security does not include a payment stablecoin, as that term is defined in section 2 of the Stablecoin TRUST Act of 2022 . Section 3(a)(10) of the Securities Exchange Act of 1934 ( 15 U.S.C. 78c(a)(10) ) is amended by adding before the period at the end the following: , and shall also not include a payment stablecoin, as that term is defined in section 2 of the .
Stablecoin TRUST Act of 2022 Section 2(a)(36) of the Investment Company Act of 1940 ( 15 U.S.C. 80a–2(a)(36) ) is amended by adding at the end the following: The term . security does not include a payment stablecoin, as that term is defined in section 2 of the Stablecoin TRUST Act of 2022 . Section 202(a)(18) of the Investment Advisers Act of 1940 ( 15 U.S.C. 80b–2(a)(18) ) is amended by adding at the end the following: The term . security does not include a payment stablecoin, as that term is defined in section 2 of the Stablecoin TRUST Act of 2022 .
Section 3(c) of the Investment Company Act of 1940 ( 15 U.S.C. 80a–3(c) ) is amended by adding at the end the following: Any payment stablecoin issuer, as that term is defined in section 2 of the Stablecoin TRUST Act of 2022 . . Section 202(a)(11) of the Investment Advisers Act of 1940 ( 15 U.S.C. 80b–2(a)(11) ) is amended— by striking ;;
(G)and inserting ;
(G); by striking or
(H)and inserting
(H); and by inserting ; or
(I)any payment stablecoin issuer, defined in section 2 of the before the period at the end. Stablecoin TRUST Act of 2022
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4 references not yet in our index
- 15 USC 80a–2(a)(36)
- 15 USC 80b–2(a)(18)
- 15 USC 80a–3(c)
- 15 USC 80b–2(a)(11)
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Sec. 7
Exemption from securities requirements
Cite15 USC 80a–2(a)(36)
Cite15 USC 80b–2(a)(18)
Cite15 USC 80a–3(c)
Cite15 USC 80b–2(a)(11)
Cites 6Cited by 0 across 0 sources