Expressing the sense of the Congress that the Federal Deposit Insurance Corporation should comply with the legal limits on deposit insurance coverage and should not use deposit insurance funds to pay off uninsured deposits and the claims of other unsecured creditors under the so-called "too big to fail" policy.

Expresses the sense of the Congress that the Federal Deposit Insurance Corporation (FDIC) should: (1) cease to use the "too big to fail" policy which allows the FDIC to exceed the legal limit on the amount of deposit insurance coverage at failed banks by treating all uninsured deposits and claims of other unsecured creditors in the same manner as insured deposits; and (2) protect the viability of the Bank Insurance Fund by using amounts in the Fund to provide assistance in connection with a failed bank only if such assistance is cheaper than paying off the insured deposits in such bank.