H.R. 6565 would provide additional authority to the Federal Deposit Insurance Corporation in resolving problem financial institutions.

== Detailed Summary ==

<summary>
(Log in to editFDIC Flexibility Act of 2008 - Amends the wikiFederal Deposit Insurance Act to repeal: (1) requirements for least-cost resolution of troubled insured depository institutions; (2) requirements for consideration of direct financial assistance to a depository institution before appointment of a conservator or receiver; (3) certain Federal Deposit Insurance Corporation (FDIC) procedures for extension of time and bemailed notification regarding determination of claims; and (4) specified FDIC authority relating to determination of claims.

Amends the firstFederal Reserve Act to provide a detailed summaryrepeal limitations on advances to member banks by the Board of Governors of the bill!)Federal Reserve System.

Amends the Federal Deposit Insurance Corporation Improvement Act of 1991 to repeal provisions regarding early resolution of troubled insured depository institutions by federal banking agencies.
</summary>

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== Status of the Legislation ==

<status>
Latest Major Action: 7/22/2008: Referred to House committee. Status: Referred to the House Committee on Financial Services.
</status>

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== Points in Favor ==

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== Points Against ==

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