Page:United States Statutes at Large Volume 119.djvu/3630

 119 STAT. 3612

PUBLIC LAW 109–173—FEB. 15, 2006 ‘‘(A) ESTABLISHMENT.—There is established the Deposit Insurance Fund, which the Corporation shall— ‘‘(i) maintain and administer; ‘‘(ii) use to carry out its insurance purposes, in the manner provided by this subsection; and ‘‘(iii) invest in accordance with section 13(a). ‘‘(B) USES.—The Deposit Insurance Fund shall be available to the Corporation for use with respect to insured depository institutions the deposits of which are insured by the Deposit Insurance Fund. ‘‘(C) LIMITATION ON USE.—Notwithstanding any provision of law other than section 13(c)(4)(G), the Deposit Insurance Fund shall not be used in any manner to benefit any shareholder or affiliate (other than an insured depository institution that receives assistance in accordance with the provisions of this Act) of— ‘‘(i) any insured depository institution for which the Corporation has been appointed conservator or receiver, in connection with any type of resolution by the Corporation; ‘‘(ii) any other insured depository institution in default or in danger of default, in connection with any type of resolution by the Corporation; or ‘‘(iii) any insured depository institution, in connection with the provision of assistance under this section or section 13 with respect to such institution, except that this clause shall not prohibit any assistance to any insured depository institution that is not in default, or that is not in danger of default, that is acquiring (as defined in section 13(f)(8)(B)) another insured depository institution. ‘‘(D) DEPOSITS.—All amounts assessed against insured depository institutions by the Corporation shall be deposited into the Deposit Insurance Fund.’’; (C) by striking paragraphs (5), (6), and (7) of subsection (a); and (D) by redesignating paragraph (8) of subsection (a) as paragraph (5); (12) in section 11(f)(1) (12 U.S.C. 1821(f)(1)), by striking ‘‘, except that—’’ and all that follows through the end of the paragraph and inserting a period; (13) in section 11(i)(3) (12 U.S.C. 1821(i)(3))— (A) by striking subparagraph (B); (B) by redesignating subparagraph (C) as subparagraph (B); and (C) in subparagraph (B) (as so redesignated), by striking ‘‘subparagraphs (A) and (B)’’ and inserting ‘‘subparagraph (A)’’; (14) in section 11(p)(2)(B) (12 U.S.C. 1821(p)(2)(B)), by striking ‘‘institution, any’’ and inserting ‘‘institution, the’’; (15) in section 11A(a) (12 U.S.C. 1821a(a))— (A) in paragraph (2), by striking ‘‘LIABILITIES.—’’ and all that follows through ‘‘Except’’ and inserting ‘‘LIABILITIES.—Except’’; (B) by striking paragraph (2)(B); and

VerDate 14-DEC-2004

07:21 Oct 30, 2006

Jkt 039194

PO 00003

Frm 01080

Fmt 6580

Sfmt 6581

E:\PUBLAW\PUBL003.119

APPS06

PsN: PUBL003

�