United States · Bill · S
S. 1199 (99th)
Bank Liquidation Reform Act
Introduced
23 May 1985
Last action
—
Status
Read twice and referred to the Committee on Banking.
Sponsors
—
Subjects
Discovery layer
Source updated
29 August 2025
Summary
Bank Liquidation Reform Act - Requires the Federal Deposit Insurance Corporation (FDIC), as the receiver for a bank closed for liquidation, to pay amounts available from liquidation, first, to depositors and, second, to general creditors and to itself for amounts to which it is entitled on account of its subrogation to the claims of depositors. Authorizes (currently, requires) the payment of receivership expenses from the assets of a bank before distribution of the proceeds thereof. Requires the Board of Directors of the FDIC to submit to the Congress a detailed monthly report of its bank liquidation expenses.
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Votes
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Versions
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Documents
1 official file
Introduced in Senate
summary · EN · 23 May 1985
Sponsors
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Related records
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Sources
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- Official source: https://www.congress.gov/bill/99th-congress/senate-bill/1199
- Open data entity: https://api.congress.gov/v3/bill/99/s/1199