Bank Liquidation Reform Act

[AI summary unavailable — showing source text] Bank Liquidation Reform Act - Requires the Federal Deposit Insurance Corporation (FDIC), as the receiver for a bank closed for liquidation, to pay amounts available from liquidation, first, to depositors and, second, to general creditors and to itself for amounts to which it is entitled on account of its subrogation to the claims of depositors. Authorizes (currently, requires) the payment of receivership expenses from the assets of a bank before distribution of the proceeds thereof. Requires the Board of Directors of the FDIC to submit to the Congress a detailed monthly report of its bank liquidation expenses.…