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12 U.S.C. § 5394

Prohibition on taxpayer funding

United States · Title 12 — BANKS AND BANKING · Status: effective

Taxation
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12 U.S.C. § 5394, Prohibition on taxpayer funding, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/439016
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Full text

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. 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. Taxpayers shall bear no losses from the exercise of any authority under this subchapter.

Legislative history

The public laws that enacted or amended this section. Tallies are for the whole bill as it passed each chamber — often an omnibus covering far more than this provision — not a vote on this section alone.