; and (ii) the Board of Directors of the Corporation shall promptly commence dissolution proceedings in accordance with this paragraph upon the expiration of the 2-year period following the date the bridge payment stablecoin issuer was chartered, or any extension thereof, as provided in paragraph (7). (B) Procedures The Comptroller shall appoint the Corporation as receiver for a bridge payment stablecoin issuer upon certification by the Board of Directors of the Corporation to the Comptroller of its determination to dissolve the bridge issuer. The Corporation as such receiver shall wind up the affairs of the bridge issuer. With respect to any such bridge payment stablecoin issuer, the Corporation as such receiver shall have all the rights, powers, and privileges and shall perform the duties related to the exercise of such rights, powers, or privileges granted by law to a receiver of payment stablecoin issuers and notwithstanding any other provision of law in the exercise of such rights, powers, and privileges the Corporation shall not be subject to the direction or supervision of any State agency or other Federal agency. (11) Multiple bridge payment stablecoin issuers Subject to paragraph (1)(B)(i), the Corporation may, in the Corporation’s discretion, organize 2 or more bridge payment stablecoin issuers under this subsection to assume any payment stablecoin liabilities, and purchase any assets of a single payment stablecoin issuer in default. (n) Supervisory records Whenever the Corporation has been appointed as receiver for a payment stablecoin issuer, the Comptroller or State bank supervisor, and the Board, shall make available all supervisory records to the receiver which may be used by the receiver in any manner the receiver determines to be appropriate. (o) Certain sales of assets prohibited (1) Persons who engaged in improper conduct with, or caused losses to, payment stablecoin issuers The Corporation shall prescribe regulations which, at a minimum, shall prohibit the sale of assets of a failed payment