[Pages S3275-S3277]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                          LEGISLATIVE SESSION

                                 ______
                                 

 GUIDING AND ESTABLISHING NATIONAL INNOVATION FOR U.S. STABLECOINS ACT

  Mr. THUNE. Mr. President, I move to proceed to legislative session.
  The ACTING PRESIDENT pro tempore. The question is on agreeing to the 
motion.
  The motion was agreed to.
  Mr. THUNE. Mr. President, I call for regular order.
  The ACTING PRESIDENT pro tempore. Regular order is the pending 
business.
  The clerk will report.
  The senior assistant executive clerk read as follows:

       A bill (S. 1582) to provide for the regulation of payment 
     stablecoins, and for other purposes.

  Pending:
  Thune (for Ricketts/Lummis) Amendment No. 2228, to provide for 
expedited certification of existing regulatory regimes.

[[Page S3276]]

  Bennet Amendment No. 2278 (to Amendment No. 2228), to provide a 
definition.


                      Amendment No. 2228 Withdrawn

  Mr. THUNE. Mr. President, I withdraw Senate amendment No. 2228.
  The ACTING PRESIDENT pro tempore. The Senator has that right. The 
amendment is withdrawn.
  The amendment (No. 2228) was withdrawn.


                           Amendment No. 2307

  (Purpose: In the nature of a substitute.)
  Mr. THUNE. Mr. President, I call up my amendment No. 2307 and ask 
that it be reported by number.
  The ACTING PRESIDENT pro tempore. The clerk will report.
  The legislative clerk read as follows:

       The Senator from South Dakota [Mr. Thune], for Mr. Hagerty, 
     proposes an amendment numbered 2307.

  (The amendment is printed in the Record of June 5, 2025, under ``Text 
of Amendments.'')
  Mr. THUNE. Mr. President, I ask the reading be dispensed with.
  The ACTING PRESIDENT pro tempore. Without objection, it is so 
ordered.
  Mr. THUNE. I ask for the yeas and nays on my amendment.
  The ACTING PRESIDENT pro tempore. Is there a sufficient second?
  There appears to be a sufficient second.
  The yeas and nays are ordered.


                             Cloture Motion

  Mr. THUNE. I send a cloture motion to the desk for the substitute 
amendment.
  The ACTING PRESIDENT pro tempore. Pursuant to rule XXII, the Chair 
lays before the Senate the pending cloture motion, which the clerk will 
state.
  The legislative clerk read as follows:

                             Cloture Motion

       We, the undersigned Senators, in accordance with the 
     provisions of rule XXII of the Standing Rules of the Senate, 
     do hereby move to bring to a close debate on amendment No. 
     2307 to Calendar No. 66, S. 1582, a bill to provide for the 
     regulation of payment stablecoins, and for other purposes.
         John Thune, David McCormick, Bernie Moreno, John R. 
           Curtis, Bill Hagerty, Cindy Hyde-Smith, Markwayne 
           Mullin, Ashley B. Moody, Tim Scott of South Carolina, 
           Tom Cotton, Deb Fischer, James E. Risch, Katie Boyd 
           Britt, Lindsey Graham, Shelley Moore Capito, Jim 
           Justice, John Barrasso.


                Amendment No. 2308 to Amendment No. 2307

  Mr. THUNE. I have an amendment to the substitute at the desk, and I 
ask the clerk to report.
  The ACTING PRESIDENT pro tempore. The clerk will report.
  The legislative clerk read as follows:

       The Senator from South Dakota [Mr. Thune] proposes an 
     amendment numbered 2308 to amendment No. 2307.

  Mr. THUNE. I ask unanimous consent that the reading of the amendment 
be dispensed with.
  The ACTING PRESIDENT pro tempore. Without objection, it is so 
ordered.
  The amendment is as follows:

                     (Purpose: To improve the bill)

       At the end add the following.
       ``This Act shall take effect 1 day after the date of 
     enactment.''

  Mr. THUNE. I ask for the yeas and nays on my amendment.
  The ACTING PRESIDENT pro tempore. Is there a sufficient second?
  There appears to be a sufficient second.
  The yeas and nays are ordered.


                Amendment No. 2309 to Amendment No. 2308

  Mr. THUNE. I have a second-degree amendment at the desk.
  The ACTING PRESIDENT pro tempore. The clerk will report.
  The legislative clerk read as follows:

       The Senator from South Dakota [Mr. Thune] proposes an 
     amendment numbered 2309 to amendment No. 2308.

  Mr. THUNE. I ask unanimous consent that the reading of the amendment 
be dispensed with.
  The ACTING PRESIDENT pro tempore. Without objection, it is so 
ordered.
  The amendment is as follows:

                     (Purpose: To improve the bill)

       Strike ``1 day'' and insert ``2 days''


                           Amendment No. 2310

  Mr. THUNE. I have an amendment to the text of the underlying bill.
  The ACTING PRESIDENT pro tempore. The clerk will report.
  The legislative clerk read as follows:

       The Senator from South Dakota [Mr. Thune] proposes an 
     amendment numbered 2310 to the language proposed to be 
     stricken by amendment No. 2307.

  Mr. THUNE. I ask unanimous consent that the reading of the amendment 
be dispensed with.
  The ACTING PRESIDENT pro tempore. Without objection, it is so 
ordered.
  The amendment is as follows:

                     (Purpose: To improve the bill)

       This Act shall take effect 3 days after the date of 
     enactment

  Mr. THUNE. And I ask for the yeas and nays on my amendment.
  The ACTING PRESIDENT pro tempore. Is there a sufficient second?
  There appears to be a sufficient second.
  The yeas and nays are ordered.


                Amendment No. 2311 to Amendment No. 2310

  Mr. THUNE. I have a second-degree amendment at the desk.
  The ACTING PRESIDENT pro tempore. The clerk will report.
  The legislative clerk read as follows:

       The Senator from South Dakota [Mr. Thune] proposes an 
     amendment numbered 2311 to amendment No. 2310.

  Mr. THUNE. I ask unanimous consent that the reading of the amendment 
be dispensed with.
  The ACTING PRESIDENT pro tempore. Without objection, it is so 
ordered.
  The amendment is as follows:

                     (Purpose: To improve the bill)

       Strike ``3 days'' and insert ``4 days''


                             Cloture Motion

  Mr. THUNE. I send a cloture motion to the desk for the underlying 
bill.
  The ACTING PRESIDENT pro tempore. Pursuant to rule XXII, the Chair 
lays before the Senate the pending cloture motion, which the clerk will 
state.
  The legislative clerk read as follows:

                             Cloture Motion

       We, the undersigned Senators, in accordance with the 
     provisions of rule XXII of the Standing Rules of the Senate, 
     do hereby move to bring to a close debate on Calendar No. 66, 
     S. 1582, a bill to provide for the regulation of payment 
     stablecoins, and for other purposes.
         John Thune, David McCormick, Bernie Moreno, John R. 
           Curtis, Bill Hagerty, Cindy Hyde-Smith, Markwayne 
           Mullin, Ashley B. Moody, Tim Scott of South Carolina, 
           Tom Cotton, Deb Fischer, James E. Risch, Katie Boyd 
           Britt, Lindsey Graham, Shelley Moore Capito, Jim 
           Justice, John Barrasso.


                Motion to Commit With Amendment No. 2312

  Mr. THUNE. I move to commit the bill to the Committee on Banking, 
Housing, and Urban Affairs with instructions.
  The ACTING PRESIDENT pro tempore. The clerk will report.
  The legislative clerk read as follows:

       The Senator from South Dakota [Mr. Thune] moves to commit 
     the bill to the Committee on Banking, Housing, and Urban 
     Affairs to report back forthwith instructions with an 
     amendment numbered 2312.

  Mr. THUNE. I ask the reading be dispensed with.
  The ACTING PRESIDENT pro tempore. Without objection, it is so 
ordered.
  The amendment is as follows:

                     (Purpose: To improve the bill)

       At the end add the following.
       ``This Act shall take effect 5 days after the date of 
     enactment.''

  Mr. THUNE. I ask for the yeas and nays on the motion to commit with 
instructions.
  The ACTING PRESIDENT pro tempore. Is there a sufficient second?
  There appears to be a sufficient second.
  The yeas and nays are ordered.


                           Amendment No. 2313

  Mr. THUNE. Mr. President, I have an amendment to the instructions.
  The ACTING PRESIDENT pro tempore. The clerk will report.
  The legislative clerk read as follows:

       The Senator from South Dakota [Mr. Thune] proposes an 
     amendment numbered 2313 to the instructions of the motion to 
     commit.

  Mr. THUNE. I ask unanimous consent that the reading of the amendment 
be dispensed with.
  The ACTING PRESIDENT pro tempore. Without objection, it is so 
ordered.
  The amendment is as follows:

                     (Purpose: To improve the bill)

       Strike ``5 days'' and insert ``6 days''

  Mr. THUNE. I ask for the yeas and nays on my amendment.
  The ACTING PRESIDENT pro tempore. Is there a sufficient second?
  There appears to be a sufficient second.
  The yeas and nays are ordered.

[[Page S3277]]

  



                Amendment No. 2314 to Amendment No. 2313

  Mr. THUNE. I have a second-degree amendment at the desk.
  The ACTING PRESIDENT pro tempore. The clerk will report.
  The legislative clerk read as follows:

       The Senator from South Dakota [Mr. Thune] proposes an 
     amendment numbered 2314 to amendment No. 2313.

  Mr. THUNE. I ask unanimous consent that the reading of the amendment 
be dispensed with.
  The ACTING PRESIDENT pro tempore. Without objection, it is so 
ordered.
  The amendment is as follows:

                     (Purpose: To improve the bill)

       Strike ``6 days'' and insert ``7 days''

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