Senators file 100+ amendments to CLARITY Act ahead of markup amid dispute over Fed master accounts and unions

More than 100 amendments have been filed to H.R. 3633, the CLARITY Act, ahead of the Senate Banking Committee’s markup, a volume that signals the bill is being actively reshaped rather than treated as a procedural formality. The committee’s markup was scheduled for May 14 and follows the House’s earlier bipartisan passage of the measure ^{[1] [2]}.

The amendments cover a wide range of issues including legal tender, tax-payment treatment, Federal Reserve master accounts for crypto firms, and market rules. Senator Elizabeth Warren filed more than 40 amendments, including language to block the Fed from issuing master accounts to crypto companies such as Ripple, and major labor unions have urged changes, warning the bill could pose risks to retirement security ^{[1] [3] [4]}.

The quantity and scope of amendments indicate the CLARITY Act remains contested in the Senate Banking Committee and could be materially altered during the markup process ^{[2] [1]}.