[Congressional Bills 110th Congress] [From the U.S. Government Publishing Office] [H.R. 6565 Introduced in House (IH)] 110th CONGRESS 2d Session H. R. 6565 To provide additional authority to the Federal Deposit Insurance Corporation in resolving problem financial institutions, and for other purposes. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES July 22, 2008 Mr. Dreier introduced the following bill; which was referred to the Committee on Financial Services _______________________________________________________________________ A BILL To provide additional authority to the Federal Deposit Insurance Corporation in resolving problem financial institutions, and for other purposes. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``FDIC Flexibility Act of 2008''. SEC. 2. ADDITIONAL FLEXIBILITY FOR THE FDIC. (a) In General.--Section 13(c) of the Federal Deposit Insurance Act (U.S.C. 1823(c)) is amended-- (1) by striking paragraph (4) and inserting the following new paragraph: ``(4) [Repealed].--''; and (2) by striking paragraph (8) and inserting the following new paragraph: ``(8) [Repealed].--''. (b) Repeal of Limitations on Advances.--Subsection (b) of section 10B of the Federal Reserve Act (12 U.S.C. 347b) is amended to read as follows: ``(b) [Repealed].--''. (c) Other Related Provisions.-- (1) Subparagraph (D) of section 11(d)(5) of the Federal Deposit Insurance Act (U.S.C. 1821(d)(5)) is amended by striking clauses (ii) and (iii) and inserting the following: ``(ii) [Repealed].-- ``(iii) [Repealed].--''. (2) Paragraph (4) of section 11(d) of the Federal Deposit Insurance Act (U.S.C. 1821(d)) is amended to read as follows: ``(4) [Repealed].--''. (3) Section 143 of the Federal Deposit Insurance Corporation Improvement Act of 1991 (12 U.S.C. 1823 note) is hereby repealed. <all>