SEC. 4 › (a) › (12) › (C)

(C) .— Extension of prohibition

Bill Text

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§4(a)(12)(C)(i)

(i) .— In general

Any company not domiciled in the United States or its Territories that is not predominantly engaged in 1 or more financial activities, 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)(C)(ii)

(ii) .— Exception

The prohibition under clause (i) against the sharing of consumer information shall not apply to sharing of such information—