FDIC Guarantee Program Extension Moves To Full Senate Vote

Law360, New York (December 11, 2012, 4:23 PM EST) -- A bill that would extend for an additional two years a Federal Deposit Insurance Corp. program that provides unlimited insurance for transaction accounts containing more than $250,000 cleared a key procedural vote in the U.S. Senate on Tuesday, moving the measure one step closer to an up or down vote.

The Senate approved a motion to limit debate on the bill, S. 3637, by a vote of 76-20, on the same day that the Obama administration — which had previously not taken a position on the...
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