FDIC PROPERTY DISPOSITION STANDARDS.

SEC. 123. FDIC PROPERTY DISPOSITION STANDARDS. (a) In General.— Section 11(d)(13) of the Federal Deposit Insurance Act (12 U.S.C. 1821(d)(13)) is amended by adding at the end the following new subparagraph: “(E) Disposition of assets.— In exercising any right, power, privilege, or authority as conservator or receiver in connection with any sale or disposition of assets of any insured depository institution for which the Corporation has been appointed conservator or receiver, including any sale or disposition of assets acquired by the Corporation under section 13(d)(1), the Corporation shall conduct its operations in a manner which— “(i) maximizes the net present value return from the sale or disposition of such assets; “(ii) minimizes the amount of any loss realized in the resolution of cases; “(iii) ensures adequate competition and fair and consistent treatment of offerors; “(iv) prohibits discrimination on the basis of race, sex, or ethnic groups in the solicitation and consideration of offers; and “(v) maximizes the preservation of the availability and affordability of residential real property for low- and moderate-income individuals.”. (b) Corporate Capacity.— Section 13(d)(3) of the Federal Deposit Insurance Act (12 U.S.C. 1823(d)(3)) is amended by adding at the end the following new subparagraph: “(D) Disposition of assets.— In exercising any right, power, privilege, or authority described in subparagraph (A) regarding the sale or disposition of assets sold to the Corporation pursuant to paragraph (1), the Corporation shall conduct its operations in a manner which— “(i) maximizes the net present value return from the sale or disposition of such assets; “(ii) minimizes the amount of any loss realized in the resolution of cases; “(iii) ensures adequate competition and fair and consistent treatment of offerors; “(iv) prohibits discrimination on the basis of race, sex, or ethnic groups in the solicitation and consideration of offers; and “(v) maximizes the preservation of the availability and affordability of residential real property for low- and moderate-income individuals.”.