A bill to require a Government Accountability Office examination of transactions between large financial institutions and the Federal Government, and for other purposes.

the term covered institution means any bank holding company having more than $500,000,000,000 in consolidated assets; and

the term economic benefit means the difference between actual loans terms offered, debt or equity prices, or asset values and a reasonable estimate of what such terms, prices, or values might have been, as determined by examining actual values of comparable transaction in the private markets or by estimating the values of comparable transactions priced to properly reflect associated risk.

the favorable pricing of the debt of such institutions, relative to their risk profile resulting from the perception that such institutions will receive Government support in the event of any financial stress;

any favorable funding or economic treatment resulting from an increase in the credit rating for covered institutions, as a result of express, implied, or perceived Government support;

any economic benefit to covered institutions resulting from the ownership of, or affiliation with, an insured depository institution;

any economic benefit resulting from the status of covered institutions as a bank holding company, including access to Federal deposit insurance and the discount window of the Board of Governors of the Federal Reserve System before the date of enactment of this Act;

any economic benefit received through extraordinary Government actions taken, such as—

any extraordinary assistance provided to American Insurance Group, but ultimately received by one of the covered institutions; and

any Government actions that resulted in the payment or nonpayment of credit default swap contracts entered into by a covered institution.