The FDIC Board voted to approve an interim final rule clarifying how the agency will treat certain creditor claims under the new orderly liquidation authority established under Dodd-Frank. The interim final rule differs from the notice of proposed rulemaking by clarifying the standard for valuation for collateral on secured claims and the treatment of contingent claims. The final rule provides that taxpayer money may not be used to cover losses associated with the failure of a large financial firm. The interim final rule also addresses other issues, including authority to continue operations, treatment of creditors, and application of proceeds from liquidation of subsidiaries.