; (2) setting forth an expedited process for approval that is consistent with this section; and (3) providing for the implementation of the plan required to be developed under subsection (l) of section 6 of this Act. (k) Existing holding companies and depository institutions A bank holding company or insured depository institution shall only conduct payment stablecoin activities authorized by this Act within a depository institution subsidiary of the insured depository institution or a bank holding company. 8. Certificate of authority to commence banking for certain national associations Section 5169 of the Revised Statutes ( 12 U.S.C. 27 ) is amended— (1) in subsection (a), in the third sentence, by striking to those of a non-depository trust company and activities related thereto. and inserting “to— (1) those of a non-depository trust company and fiduciary activities related thereto; or (2) 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 (2) by adding at the end the following: (c) The Comptroller may, by rule, establish assessments depository institutions engaged in issuing payment stablecoins. . 9. Appointment of FDIC as conservator or receiver of payment stablecoin issuers (a) Definition As used in this section, the term customer means a person, or authorized representative of the person, that— (1) utilized or is utilizing any service of a payment stablecoin issuer with respect to an account in the name of the person maintained by the payment stablecoin issuer