CLARIFICATION OF REVIEW OF PRIOR CASES.

SEC. 105. CLARIFICATION OF REVIEW OF PRIOR CASES. Section 21A(b)(11)(B) of the Federal Home Loan Bank Act (12 U.S.C. 1441a(b)(11)(B)) is amended— (1) by striking “The Corporation shall exercise” and inserting the following: “(C) Provisions applicable to review of prior cases.— “(i) In general.— The Corporation shall exercise”; and (2) by adding at the end of subparagraph (C), as so designated by paragraph (1) of this section, the following: “(ii) Additional provisions.— The Corporation, in modifying, renegotiating, or restructuring the insolvent institution cases resolved by the Federal Savings and Loan Insurance Corporation between January 1, 1988, and the date of enactment of the Financial Institutions Reform, Recovery and Enforcement Act of 1989, shall carry out its responsibilities under section 519(a) of the Department of Veterans Affairs and Housing and Urban Development, and Independent Agencies Appropriations Act, 1991 (104 Stat. 1386) and shall, consistent with achieving the greatest overall financial savings to the Federal Government, pursue all legal means by which the Corporation can reduce both the direct outlays and the tax benefits associated with such cases, including, but not limited to, restructuring to eliminate tax-free interest payments and renegotiating to capture a larger portion of the tax benefits for the Corporation.”.