All financial companies put into receivership under this subchapter shall be liquidated. No taxpayer funds shall be used to prevent the liquidation of any financial company under this subchapter.
All funds expended in the liquidation of a financial company under this subchapter shall be recovered from the disposition of assets of such financial company, or shall be the responsibility of the financial sector, through assessments.
Taxpayers shall bear no losses from the exercise of any authority under this subchapter.
(Pub. L. 111–203, title II, §214, July 21, 2010, 124 Stat. 1518.)
Sections: Previous 5387 5388 5389 5390 5391 5392 5393 5394 5401 5402 5411 5412 5413 5414 5415 Next
Last modified: October 26, 2015