Legislation Raising $100,000 Insurance Limit for Retirement Accounts Passes Congress
Sun-Journal Lewiston, Me. › June 28, 2006
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Summary
WASHINGTON (AP) - The $100,000 account limit on federal bank deposit insurance will be raised for retirement accounts under legislation passed by Congress on Wednesday and expected to be signed by President Bush.
The change, which the banking industry has been pushing for about a decade, was included in a $39 billion budget bill that narrowly cleared the House and sped toward the president's desk.See the full content of this document
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Legislation Raising $100,000 Insurance Limit for Retirement Accounts Passes Congress
It gives the Federal Deposit Insurance Corp. discretion to increase the $100,000 insurance ceiling on deposit accounts to ...
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