United States Code
USC most recently checked for updates: Jun 09, 2025
§ 5394.
Prohibition on taxpayer funding
(a)
Liquidation required
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)
Recovery of funds
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)
No losses to taxpayers
Taxpayers shall bear no losses from the exercise of any authority under this subchapter.
cite as: 12 USC 5394
