,,ii  #aaf? ,,congress  #a/ ,session    
,s4 #abig  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,may #b1 #bjai,mr4     
,moran 7= himself & ,mr4 ,rob]ts7       
introduc$ ! foll[+ bill2 :i* 0 read     
twice & ref]r$ to ! ,committee on       
,bank+1 ,h\s+1 & ,urban ,affairs  ,a    
,,bill  ,to am5d ! ,f$]al ,deposit      
,insurance ,act to provide %>ehold]s (  
c]ta9 depository in/itutions a cause (  
action = assets seiz$ by an appropriate 
,f$]al bank+ ag5cy4  #a4 ,%ort title    
,?is ,act may be cit$ z ! ,indep5d5t &  
,community ,bank ,%>ehold]s ,protection 
,act4  #b4 ,%>ehold] claims  7a7 ,9     
g5]al ,section #aa7;d7 ( ! ,f$]al       
,deposit ,insurance ,act 7#ab ,u4,s4,c4 
#ahba7;d77 is am5d$ by add+ at ! end !  
foll[+3  7#ba7 ,%>ehold] claims = j     
comp5sation  7,a7 ,def9ition ,9 ?is     
p>agraph1 ! t]m cov]$ in/itution means a
 depository in/itution-- 7i7 = :i* !    
,corporation has appo9t$ a cons]vator or
 receiv]2 &  7ii7 t has total assets (  
less ?an #ae1jjj1jjj z ( ! date on :i* !

 in/itution ent]s cons]vator%ip or      
receiv]%ip4  7,b7 ,claims au?oriz$  7i7 
,9 g5]al ,a %>ehold] ( a cov]$          
in/itution may file a claim ) !         
,corporation = j comp5sation to be paid 
by ! ,corporation to ! %>ehold]4  7ii7  
,hold+ companies ,a %>ehold] ( a        
depository in/itution hold+ company may 
file a claim au?oriz$ by ?is subp>agraph
 on behalf ( su* company ) respect to a 
cov]$ in/itution4  7,c7 ,am\nt to be    
paid ,j comp5sation %all be paid to a   
%>ehold] = a claim "u ?is p>agraph 9 an 
am\nt equal to ! pro-rata %>e ( !       
%>ehold] ( ! net wor? ( ! cov]$         
in/itution accord+ to g5]ally accept$   
acc\nt+ pr9ciples det]m9$ z ( ! date on 
:i* ! cov]$ in/itution ent]s            
cons]vator%ip or receiv]%ip1 :i*ev]     
occurs fir/4  7,d7 ,limitation on paym5t
 ( claims ,! ,corporation %all n pay a  
claim "u subp>agraph 7,b7 if-- 7i7 !    
cov]$ in/itution is det]m9$ by ! f9al   
judgm5t ( a c\rt ( compet5t jurisdiction
 to h be5 insolv5t z ( ! date on :i* !  

,corporation 0 appo9t$ cons]vator or    
receiv]2 or  7ii7 ! adm9i/rative exp5ses
 ( ! ,corporation aris+ f ! appo9tm5t ( 
a cons]vator or receiv] = ! cov]$       
in/itution exce$ available funds f !    
cov]$ in/itution1 any deposit liability 
( ! in/itution1 any o!r g5]al or s5ior  
liability ( ! in/itution & any          
obligation subord9at$ to depositors or  
g5]al cr$its exce$ ! available funds f !
 cov]$ in/itution4  7,e7 ,/atute (      
limitations  7i7 ,9 g5]al ,except z     
provid$ 9 clause 7ii71 ! applicable     
/atute ( limitations ) reg>d to a claim 
br\ght by a %>ehold] "u subp>agraph 7,b7
 %all be #ij days beg9n+ on ! date t a  
cons]vator or receiv] is appo9t$ = !    
cov]$ in/itution pursuant to ?is ,act4  
7ii7 ,claims aris+ f prior actions ,!   
applicable /atute ( limitations ) reg>d 
to a claim br\ght by a %>ehold] "u      
subp>agraph 7,b7 = a cov]$ in/itution = 
:i* a cons]vator or receiv] 0 appo9t$   
be=e ! date ( enactm5t ( ?is p>agraph   
%all be #ij days beg9n+ on ! date (     

enactm5t ( ?is p>agraph4  7,f7 ,sav+s   
association %>ehold]s ,! rights provid$ 
to a %>ehold] "u subp>agraph 7,b71 %all 
apply 9 ! same mann] & to ! same ext5t  
to-- 7i7 a %>ehold] ( a sav+s           
association = :i* ! ,(fice ( ,?rift     
,sup]vision or ! ,(fice ( ! ,comptroll] 
( ! ,curr5cy appo9t$ a cons]vator or    
receiv]2 &  7ii7 a %>ehold] ( a sav+s & 
loan hold+ company on behalf ( su* hold+
 company ) respect to a sav+s           
association = :i* ! ,(fice ( ,?rift     
,sup]vision or ! ,(fice ( ! ,comptroll] 
( ! ,curr5cy appo9t$ a cons]vator or    
receiv]4  7,g7 ,special rules  7i7      
,prior claims ,a %>ehold] %all n be     
preclud$ f fil+ a claim "u ?is p>agraph 
if a claim ) respect to ! same          
cons]vator%ip or receiv]%ip has be5     
previ\sly adjudicat$ be=e a c\rt (      
compet5t jurisdiction4  7ii7 ,unit$     
,/ates ,c\rt ( ,f$]al ,claims ,a        
%>ehold] may seek review ( a d5ial by ! 
,corporation ( a claim fil$ "u ?is      
p>agraph 9 ! ,unit$ ,/ates ,c\rt (      

,f$]al ,claims4  4