SEC. 4 › (a) › (12) › (B)

(B) .— Prohibition

Bill Text

||
§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—