Sec. 661. Bringing the Federal Deposit Insurance Corporation into the regular appropriations process
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Section 10 of the Federal Deposit Insurance Act ( 12 U.S.C. 1820 ) is amended— in subsection (a)— by striking
(a)The and inserting the following: The ; by inserting , subject to paragraph
(2)and subsection (l), after The Board of Directors of the Corporation ; and by adding at the end the following new paragraph: The Corporation may only incur obligations or allow and pay expenses pursuant to an appropriations Act, other than with respect to obligations or expenses paid for with funds from the Deposit Insurance Fund or incurred, allowed, or paid for the purpose of carrying out the insurance function of the Corporation. ; and by adding at the end the following new subsection: Any fees collected by the Corporation, except pursuant to section 5(d), shall be deposited and credited as offsetting collections to the account providing appropriations to the Corporation. . The amendments made by this section shall apply with respect to expenses paid and fees collected on or after the date that is 90 days after the date of the enactment of the first appropriation Act that provides for appropriations to the Federal Deposit Insurance Corporation and that is enacted after the date of the enactment of this Act.
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Sec. 661
Bringing the Federal Deposit Insurance Corporation into the regular appropriations process
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