---
kind: "section"
citation: "12 U.S.C. § 5613"
title: "12"
title_heading: "Banks and Banking"
number: "5613"
heading: "Additional related matters"
release: "119-102"
date: "2026-07-12"
url: "https://uscodex.org/usc/12/5613"
units:
  - "Chapter 53 — Wall Street Reform and Consumer Protection"
  - "Subchapter VI — Federal Reserve System Provisions"
---

# §5613. Additional related matters

- (a) **Suspension of parallel Federal Deposit Insurance Act authority—** Effective upon July 21, 2010, the [Corporation](/usc/12/5301.md?p=7) may not exercise its authority under [section 1823(c)(4)(G)(i) of this title](/usc/12/1823.md?p=c-4-G-i) to establish any widely available debt guarantee program for which [section 5612 of this title](/usc/12/5612.md) would provide authority.
- (b) **Omitted—**
- (c) **Effect of default on an FDIC guarantee—** If an [insured depository institution](/usc/12/5301.md?p=18-A) or [depository institution](/usc/12/5301.md?p=18-A) holding [company](/usc/12/5381.md?p=a-5) (as those terms are defined in [section 1813 of this title](/usc/12/1813.md)) participating in a program under [section 5612 of this title](/usc/12/5612.md), or any participant in a debt guarantee program established pursuant to [section 1823(c)(4)(G)(i) of this title](/usc/12/1823.md?p=c-4-G-i) defaults on any obligation guaranteed by the [Corporation](/usc/12/5301.md?p=7) after July 21, 2010, the [Corporation](/usc/12/5301.md?p=7) shall—
  - (1) appoint itself as receiver for the [insured depository institution](/usc/12/5301.md?p=18-A) that defaults; and
  - (2) with respect to any other participating [company](/usc/12/5381.md?p=a-5) that is not an [insured depository institution](/usc/12/5301.md?p=18-A) that defaults—
    - (A) require—
      - (i) consideration of whether a determination shall be made, as provided in [section 5383 of this title](/usc/12/5383.md) to resolve the [company](/usc/12/5381.md?p=a-5) under [section 5382 of this title](/usc/12/5382.md); and
      - (ii) the [company](/usc/12/5381.md?p=a-5) to file a petition for bankruptcy under [section 301 of title 11](/usc/11/301.md) if the [Corporation](/usc/12/5301.md?p=7) is not appointed receiver pursuant to [section 5382 of this title](/usc/12/5382.md) within 30 days of the date of default; or
    - (B) file a petition for involuntary bankruptcy on behalf of the [company](/usc/12/5381.md?p=a-5) under [section 303 of title 11](/usc/11/303.md).

## Source credit

(Pub. L. 111–203, title XI, § 1106, July 21, 2010, 124 Stat. 2125.)

## Notes

### Editorial Notes

### Codification

Section is comprised of section 1106 of Pub. L. 111–203. Subsec. (b) of section 1106 of Pub. L. 111–203 amended section 1823 of this title.