Install
FDIC Board Accountability Act
To amend the Federal Deposit Insurance Act to revise the membership requirements for the Board of Directors of the Federal Deposit Insurance Corporation, and for other purposes.
- Introduced
- Committee
- Passed House
- Passed Senate
- To President
- Became law
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, Library of Congress.
Actions
- Sep 8, 2025 Placed on the Union Calendar, Calendar No. 201.
- Sep 8, 2025 Reported by the Committee on Financial Services. H. Rept. 119-244.
- Jul 23, 2025 Ordered to be Reported by the Yeas and Nays: 26 - 23.
- Jul 23, 2025 Committee Consideration and Mark-up Session Held
- Jul 22, 2025 Committee Consideration and Mark-up Session Held
- May 15, 2025 Referred to the House Committee on Financial Services.
- May 15, 2025 Introduced in House
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