http://www.oyez.org/issues/economic-activity/miscellaneous/ U.S. Supreme Court Decisions, presented by The Oyez Project (www.oyez.org) en-us <p>No details yet.</p> http://www.oyez.org/cases/1950-1959/1958/1958_13/ <p>Is a standby letter of credit backed by a contingent promissory note insured as a "deposit" under the federal deposit insurance program?</p><p>No. In light of the longstanding interpretation of the FDIC, such a letter does not create a deposit. This interpretation is consistent with Congress' intent in creating the FDIC, namely ensuring that a deposit of "hard earnings" entrusted to a bank would not lead to a tangible loss in the event of a bank failure. In this case, the standby letter of credit backed by a contingent promissory note did not entrust any noncontingent assets to the Bank. Therefore, such a letter of credit does not give rise to an insured deposit.</p> http://www.oyez.org/cases/1980-1989/1985/1985_84_1972/ <p>No details yet.</p> http://www.oyez.org/cases/1950-1959/1957/1957_276/ <p>No details yet.</p> http://www.oyez.org/cases/1980-1989/1981/1981_80_1121/ <p>Is the 1990 Gun-Free School Zones Act, forbidding individuals from knowingly carrying a gun in a school zone, unconstitutional because it exceeds the power of Congress to legislate under the Commerce Clause?</p><p>Yes. The possession of a gun in a local school zone is not an economic activity that might, through repetition elsewhere, have a substantial effect on interstate commerce. The law is a criminal statute that has nothing to do with "commerce" or any sort of economic activity.</p> http://www.oyez.org/cases/1990-1999/1994/1994_93_1260/ <p>No details yet.</p> http://www.oyez.org/cases/1950-1959/1957/1957_146/ <p>No details yet.</p> http://www.oyez.org/cases/1960-1969/1969/1969_25/