To clarify the treatment of certain Federal financial assistance provided to saving and loan institutions.

[AI summary unavailable — showing source text] Requires that, except in specified instances, Federal Savings and Loan Insurance Corporation (FSLIC) assistance be taken into account when determining losses or bad debts of savings and loans institutions (thus denying income tax deductions for losses or bad debts to the extent such assistance has compensated for them). Describes FSLIC assistance as money or property provided to a domestic building and loan association by the Federal Savings and Loan Insurance Corporation, the FSLIC Resolution Fund, or the Resolution Trust Corporation.…