; or (II) the stability of the financial system of the United States; and (iii) the systems of the Federal qualified nonbank payment stablecoin issuer for monitoring and controlling the risks described in clause (ii). (C) Requirement to use existing reports In supervising and examining a Federal qualified nonbank payment stablecoin issuer, the primary Federal payment stablecoin regulator shall, to the fullest extent possible, use existing reports and other supervisory information. (D) Avoidance of duplication The primary Federal payment stablecoin regulator shall, to the fullest extent possible, avoid duplication of examination activities, reporting requirements, and requests for information in carrying out this Act with respect to a Federal qualified nonbank payment stablecoin issuer. (E) Gramm-Leach-Bliley Act For purposes of title V of the Gramm-Leach-Bliley Act ( 15 U.S.C. 6801 et seq. ) each Federal qualified nonbank stablecoin issuer shall be deemed a financial institution. (b) Enforcement (1) Suspension or revocation of registration The primary Federal payment stablecoin regulator may prohibit a permitted payment stablecoin issuer from issuing payment stablecoins, if the primary Federal payment stablecoin regulator determines that such permitted payment stablecoin issuer, or an institution-affiliated party of the permitted payment stablecoin issuer, is— (A) violating or has violated this Act or any regulation or order issued under this Act