; and (BB) does not actually participate in major policymaking functions of the company. . (b) Regulations The Federal Deposit Insurance Corporation shall promulgate regulations to administer and carry out this section, in a manner that is not less stringent than the manner set forth in section 380.7 of title 12, Code of Federal Regulations (as in effect on the date of enactment of this Act). 3. Orderly liquidation authority Title II of the Dodd-Frank Wall Street Reform and Consumer Protection Act ( 12 U.S.C. 5381 et seq. ) is amended— (1) in section 210(s) ( 12 U.S.C. 5390(s) ), by adding at the end the following: (4) Personal liability Any liability insurance policy for a senior executive or director described in paragraph (1) shall exclude from coverage any liability under this subsection. ; and (2) in section 213(b) ( 12 U.S.C. 5393(b) )— (A) in paragraph (1)(C), by inserting and at the end; (B) in paragraph (2), by striking ; and and inserting a period; and (C) by striking paragraph (3).