SEC. 4 › (a) › (12) › (B)
(B) .— Prohibition
Bill Text
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§4(a)(12)(B)(i)
(i) .— In general
A public company that is not predominantly engaged in 1 or more financial activities, and its wholly or majority owned subsidiaries or affiliates, may not issue a payment stablecoin unless the public company obtains a unanimous vote of the Stablecoin Certification Review Committee finding that—
§4(a)(12)(B)(ii)
(ii) .— Exception
The prohibition under clause (i) against the sharing of consumer information shall not apply to sharing of such information—
Parent Section
SEC. 4(12) .— Non-financial services public companies
Related Sections
Other sections under SEC. 4 › (a) › (12)