Sec. 6. Limitation on advances from a Federal Reserve Bank
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/bill/114/s/1840/is/section-6A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Section 10B(b) of the Federal Reserve Act ( 12 U.S.C. 347b(b) ) is amended— by redesignating paragraph
(5)as paragraph (6); by inserting after paragraph
(4)the following: Notwithstanding paragraph (2), a Federal Reserve bank may not make advances to any covered financial corporation that is a debtor in a pending case under chapter 14 of title 11, United States Code, or to a bridge company, for the purpose of providing debtor-in-possession financing pursuant to section 364 of such title. ; and in paragraph (6), as redesignated— by redesignating subparagraphs
(B)through
(E)as subparagraphs
(D)through (G), respectively; and by inserting after subparagraph
(A)the following: The term bridge company has the same meaning as in section 1402(2) of title 11, United States Code. The term covered financial corporation has the same meaning as in section 101(9A) of title 11, United States Code. .
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Sec. 6
Limitation on advances from a Federal Reserve Bank
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