Congress Should Let the FDIC Cap Debate Die Already

Norbert Michel

In Washington, there’s no shortage of bad policy ideas that just won’t die. The latest example is the “Deadpool-esque” quest to lift the cap for Federal Deposit Insurance Corporation (FDIC) deposit insurance.

The latest round includes a flurry of activity in the House and a new bill in the Senate, along with support from the Trump administration.

In the Senate, Senators Bill Hagerty (R‑TN) and Angela Alsobrooks (D‑MD) are set to introduce a new bill that...