Sec. 8. Certificate of authority to commence banking for certain national associations
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/bill/118/s/4155/is/section-8A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Section 5169 of the Revised Statutes ( 12 U.S.C. 27 ) is amended— in subsection (a), in the third sentence, by striking to those of a non-depository trust company and activities related thereto. and inserting “to— those of a non-depository trust company and fiduciary activities related thereto; or those of a depository institution for the purposes of issuing a payment stablecoin and activities related thereto as a national payment stablecoin issuer under section 7 of the Lummis-Gillibrand Payment Stablecoin Act . ; and by adding at the end the following: The Comptroller may, by rule, establish assessments depository institutions engaged in issuing payment stablecoins. .
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Sec. 8
Certificate of authority to commence banking for certain national associations
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