Amendment S-5020 to SF 2389

Filed February 21, 2024 in the Senate by Sen. Mike Bousselot (R), Sen. Sandy Salmon (R)

What it changes

1. Page 11, after line 33 by inserting: “Sec. ___. Section 554.1201, subsection 2, Code 2024, is amended by adding the following new paragraph: NEW PARAGRAPH . 0j. “Central bank digital currency” means a digital currency, a digital medium of exchange, or a digital monetary unit of account issued by the United States federal reserve system, a federal agency, a foreign government, a foreign central bank, or a foreign reserve system, that is made directly available to a consumer by such entities. The term includes a digital currency, a digital medium of exchange, or a digital monetary unit of account issued by the United States federal reserve system, a federal agency, a foreign government, a foreign central bank, or a foreign reserve system, that is processed or validated directly by such entities.”
2. Page 13, line 3, after “government.” by inserting “The term also does not include a central bank digital currency.”
3. By renumbering as necessary.

Official amendment (PDF) · In the Bill Book