RESTATEMENT OF EXISTING LAW.

SEC. 111. [12 U.S.C. 1811 nt] RESTATEMENT OF EXISTING LAW. No provision of this title and no amendment made by this title to any other provision of law shall be construed as affecting in any way— (1) the authority of any State or political subdivision of any State to adopt, apply, or administer any tax or method of taxation to any bank, bank holding company, or foreign bank, or any affiliate of any such bank, bank holding company, or foreign bank, to the extent that such tax or tax method is otherwise permissible by or under the Constitution of the United States or other Federal law; (2) the right of any State, or any political subdivision of any State, to impose or maintain a nondiscriminatory franchise tax or other nonproperty tax instead of a franchise tax in accordance with section 3124 of title 31, United States Code; or (3) the applicability of section 5197 of the Revised Statutes or section 27 of the Federal Deposit Insurance Act.