 The proposal was never implemented in the wake of the August Coup in 1991 and the dissolution of the USSR ultimately occurred on December 26 of that year.The overall proposal was resurrected as the Commonwealth of Independent States (CIS), although as a regional organization, not a confederation.The New Union Treaty () was a draft treaty that would have replaced the 1922 Treaty on the Creation of the USSR and thus would have replaced the Soviet Union with a new entity named the Union of Sovereign States, an attempt of Mikhail Gorbachev to salvage and reform the Soviet Union.