WASHINGTON — The Federal Deposit Insurance Corp. could revive its popular program to guarantee bank debt in times of economic stress under an amendment considered Wednesday by the House Financial Services Committee.

Rep. Barney Frank (D, Mass.), who chairs the committee, offered an amendment that would allow the FDIC to offer healthy financial firms guarantees on debt if liquidity in the financial system is strained. It would effectively allow for the revival of a popular program offered by the FDIC this year in which the agency collected significant fees in return for offering the guarantee.

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