A provision in regulatory relief legislation would give insolvent national banks just 30 days to protest the appointment of a receiver, versus six years under current law.

The proposed change was requested by the Office of the Comptroller of the Currency and tucked into the wide-ranging regulatory relief bill introduced July 31 in the House. A piggyback provision favored by the Federal Deposit Insurance Corp. would establish an identical 30-day limit for state-chartered banks.

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