FDIC Flexibility Act of 2008

Summary

FDIC Flexibility Act of 2008 - Amends the Federal Deposit Insurance Act to repeal: (1) requirements for least-cost resolution of troubled insured depository institutions; (2) requirements for consideration of direct financial assistance to a depository institution before appointment of a conservator or receiver; (3) certain Federal Deposit Insurance Corporation (FDIC) procedures for extension of time and mailed notification regarding determination of claims; and (4) specified FDIC authority relating to determination of claims. Amends the Federal Reserve Act to repeal limitations on advances to member banks by the Board of Governors of the Federal Reserve System. Amends the Federal Deposit Insurance Corporation Improvement Act of 1991 to repeal provisions regarding early resolution of troubled insured depository institutions by federal banking agencies.

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Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 22 July 2008

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• Introduced in House (PDF)

  Introduced in House · EN · 22 July 2008

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• Introduced in House

  summary · EN · 22 July 2008

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