Boehner Welcomes FDIC Cap Increase, Says House GOP Proposed It Earlier

House Minority Leader John BoehnerJohn BoehnerConservative allies on opposite sides in GOP primary fight Clinton maps out first 100 days The Hill's 12:30 Report MORE (R-Ohio) welcomed the calls by the presidential candidates for an increase in federal insurance for bank accounts, but he said that House Republicans had proposed the measure during earlier bailout talks.

Both John McCainJohn McCainGuess which Cuban-American 2016 candidate best set themselves up for 2020? Fox News bests major networks in convention ratings Meghan McCain: ‘I no longer recognize my party’ MORE and Barack ObamaBarack ObamaA legacy on the line Senate should fix NATO's Montenegro problem Clinton to call on Black Lives Matter at Dem convention MORE, seeking more support for the failed bailout package, called on Monday for the Federal Deposit Insurance Corporation (FDIC) to guarantee up to $250,000 in a bank account. Currently, only $100,000 is insured.

Here's BoehnerJohn BoehnerConservative allies on opposite sides in GOP primary fight Clinton maps out first 100 days The Hill's 12:30 Report MORE's full statement:

"The presidential candidates' support for increasing the FDIC cap is welcome news. Increasing the FDIC cap is a proposal put on the table by Roy BluntRoy BluntOvernight Energy: Officials close in on new global emissions deal 40 senators seek higher biodiesel mandate Top Dem Senate hopefuls to skip convention MORE and House Republicans but ruled out by Democrats during the negotiations that led to yesterday

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