; (B) in clause (vi), by striking the period at the end and inserting , or ; and (C) by adding at the end the following: (vii) a public lending bank or a public payment bank (as such terms are defined, respectively, under section 101 of the Public Banking Act of 2023). . (2) Incentives for innovative technologies Section 1701(7)(B) of the Energy Policy Act of 2005 ( 42 U.S.C. 16511(7)(B) ) is amended by inserting and an entity that is a public lending bank or a public payment bank (as such terms are defined, respectively, under section 101 of the Public Banking Act of 2023) before the period at the end. (l) Exception for existing public banks (1) In general Subsections (b), (e), (f), (g), and (h) shall not apply to a covered bank in existence on the date of enactment of this Act. (2) Public bank grant program participants Paragraph (1) shall cease to apply to a covered bank described under that paragraph after the end of the 24-month period beginning on the date the covered bank receives a public bank grant under section 501. 106. Regulations (a) In general Not later than 1 year after the date of the enactment of this Act, the Board of Governors, the Director of the Bureau of Consumer Financial Protection, and the Corporation shall jointly— (1) establish a separate regulatory scheme with respect to public lending banks, public payment banks, and non-federally chartered banks that receive or are in the process of receiving a certificate of Federal recognition under section 102