Federal Deposit Insurance Corporation (FDIC). This bill would merge two FDIC insurance funds and increase the amount of FDIC-protected money in individual bank accounts from $100,000 to $130,000. As is the case with most agencies created by Congress, FDIC is just another example of an unconstitutional activity of the federal government.
The House agreed to a motion to suspend the rules and pass H.R. 3717 on May 22, 2002 by a vote of 408 to 18 (Roll Call 190). We have assigned pluses to the nays.
