; (B) the participants in non-payment stablecoin arrangements; (C) utilization and potential utilization of non-payment stablecoins; (D) nature of reserve compositions; (E) types of algorithms being employed; (F) governance structure, including aspects of decentralization; (G) nature of public promotion and advertising; and (H) clarity and availability of consumer notices disclosures. (c) Endogenously collateralized stablecoin defined In this section, the term endogenously collateralized stablecoin means any digital asset— (1) in which its originator has represented will be converted, redeemed, or repurchased for a fixed amount of monetary value; and (2) that relies solely on the value of another digital asset created or maintained by the same originator to maintain the fixed price. 11. Report on rulemaking status Not later than 6 months after the date of enactment of this Act, the primary Federal payment stablecoin regulators shall provide a status update on the development of the rulemaking under this Act to the Committee on Financial Services of the House of Representatives and the Committee on Banking, Housing, and Urban Affairs of the Senate. 12. Authority of banking institutions (a) Rule of construction Nothing in this Act may be construed to limit the authority of a depository institution, Federal credit union, State credit union, or trust company to engage in activities permissible pursuant to applicable State and Federal law, including— (1) accepting or receiving deposits and issuing digital assets that represent deposits; (2) utilizing a distributed ledger for the books and records of the entity and to affect intrabank transfers