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The Federal Deposit Insurance Corporation (FDIC) is proposing to amend 12 CFR part 340.  Part 340 implements section 1821(p) of the Federal Deposit Insurance Act. Under section 1821(p), individuals or entities whose acts or omissions have or may have contributed to the failure of an insured depository institution, cannot buy the assets of a failed insured depository institution from the FDIC. The proposed revisions to part 340 will help to clarify its purpose, scope, and applicability and will make it more consistent with 12 CFR section 380.13, the parallel provision in the FDIC's Orderly Liquidation Authority regulations that implements section 210(r) of the Dodd-Frank Wall Street Reform and Consumer Protection Act, by placing restrictions on sales of assets of a covered financial company by the FDIC.  Section 380.13 became effective on July 1, 2014.