(a) Suspension of parallel Federal Deposit Insurance Act authority
(c) Effect of default on an FDIC guaranteeIf an insured depository institution or depository institution holding company (as those terms are defined in section 1813 of this title) participating in a program under section 5612 of this title, or any participant in a debt guarantee program established pursuant to section 1823(c)(4)(G)(i) of this title defaults on any obligation guaranteed by the Corporation after July 21, 2010, the Corporation shall—
appoint itself as receiver for the insured depository institution that defaults; and
(2) with respect to any other participating company that is not an insured depository institution that defaults—
file a petition for involuntary bankruptcy on behalf of the company under section 303 of title 11.