; and (D) by striking subsection (d); (2) in section 1105 ( 12 U.S.C. 5612 )— (A) in subsection (c)— (i) in paragraph (1)— (I) by inserting and upon notification to Congress after with the President ; (II) by striking President may and inserting President shall ; and (III) by striking amount and a request and inserting amount, and include in such report the expected cost to taxpayers and a detailed description of the assumptions made and analytical tools used to calculate such expected cost, and a request ; and (ii) in paragraph (2), by inserting and upon notification to Congress after with the President ; and (B) in subsection (g), by amending paragraph (3) to read as follows: (3) Liquidity event The term liquidity event shall have the definition given such term, jointly, by the Board of Governors, the Corporation, and the Secretary, by rule pursuant to notice and comment. . (c) Title 31 Section 714(f)(3) of title 31, United States Code, is amended— (1) in subparagraph (B), by striking legislative or ; and (2) in subparagraph (C)(i), by striking , including to Congress, .