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H.R. 3446 · 119th Congress

FDIC Board Accountability Act

Introduced May 15, 2025Policy area: Finance and Financial Sector

Read the textOn Congress.gov

Status: In committee

  1. Introduced
  2. Committee
  3. Passed House
  4. Passed Senate
  5. To President
  6. Law

Latest action

: Placed on the Union Calendar, Calendar No. 201.

Summary

FDIC Board Accountability Act

This bill revises provisions related to the board of directors of the Federal Deposit Insurance Corporation. Specifically, the bill removes the director of the Consumer Financial Protection Bureau from the board as a voting member and instead makes them a non-voting observer. In addition, the bill requires the appointment of one individual with state bank supervisory experience, and another with demonstrated primary experience working in or supervising small depository institutions. Further, the bill limits the term length of a board member to 12 years.

Summary by the Congressional Research Service.

Actions

  1. House

    Placed on the Union Calendar, Calendar No. 201.

  2. House

    Reported by the Committee on Financial Services. H. Rept. 119-244.

  3. House

    Ordered to be Reported by the Yeas and Nays: 26 - 23.

  4. House

    Committee Consideration and Mark-up Session Held

  5. House

    Committee Consideration and Mark-up Session Held

  6. House

    Referred to the House Committee on Financial Services.

  7. Introduced in House