To allow local governments to invest retirement funds, building and site funds, sinking funds, or general funds in a Certificate of Deposit Account Registry Service program, which spreads an investor's funds among as many member institutions as necessary so that no more than $100,000 is invested in any single institution -- thus allowing the investment to be fully covered by the FDIC insurance.
| 103 Yeas / 0 Nays | |
|---|---|
| Excused or Not Voting (7) | |
|---|---|
