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Code · BILL · 118th Congress · S. 4155 (Introduced in Senate) — To provide for effective regulation of payment stablecoins, and for other purposes. · Sec. 10

Sec. 10. Conforming amendments

244 words·~1 min read·/bill/118/s/4155/is/section-10

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Section 109(b)(2) of title 11, United States Code, is amended to read as follows: a domestic insurance company, bank (as defined in section 3 of the Federal Deposit Insurance Act ( 12 U.S.C. 1813 )), savings bank, cooperative bank, savings and loan association, building and loan association, depository institution, homestead association, a New Markets Venture Capital company as defined in section 351 of the Small Business Investment Act of 1958 ( 15 U.S.C. 689 ), a small business investment company licensed by the Small Business Administration under section 301 of the Small Business Investment Act of 1958 ( 15 U.S.C. 681 ), credit union, payment stablecoin issuer (as defined in section __01 of the Lummis-Gillibrand Payment Stablecoin Act ), or industrial bank or similar institution that is an insured bank (as defined in section 3(h) of the Federal Deposit Insurance Act ( 12 U.S.C. 1813(h) ); or .
Section 13(e)(1) of the Federal Deposit Insurance Act ( 12 U.S.C. 1823(e)(1) ) is amended— in the matter preceding subparagraph (A), by inserting or a payment stablecoin issuer after any insured depository institution ; in subparagraph (B), by inserting or the payment stablecoin issuer after the depository institution each place it appears; in subparagraph (C), by striking the the depository institution or its loan committee and inserting the depository institution (or its loan committee) or a payment stablecoin issuer ; and in subparagraph (D), by inserting or the payment stablecoin issuer after the depository institution .
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Sec. 10
Conforming amendments
U.S.C.§ 1813
U.S.C.§ 689
U.S.C.§ 681
U.S.C.§ 1823
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