Constitutional Vote: No
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.
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.
