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12 U.S.C. § 5394

Title 12 Chapter 53 Current through PL 119-73 Last updated: March 29, 2026 View on OLRC →
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§ 5394. Prohibition on taxpayer funding

  • (a) 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.
  • (b) 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.
  • (c) Taxpayers shall bear no losses from the exercise of any authority under this subchapter.

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