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H.R. 3446

119th CONGRESS 1st Session

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.

IN THE HOUSE OF REPRESENTATIVES · May 15, 2025 · Sponsor: Mr. Huizenga · Committee: Committee on Financial Services

SEC. 1. Short title

This Act may be cited as the FDIC Board Accountability Act.

SEC. 2. FDIC Board of Directors

Section 2 of the Federal Deposit Insurance Act () is amended— 12 U.S.C. 1812
- in subsection (a)—
  - in paragraph (1)—
    - (i) in subparagraph (A), by adding at the end; and
    - (ii) by striking subparagraphs (B) and (C) and inserting the following:
      - 4 of whom shall be appointed by the President, by and with the advice and consent of the Senate, from among individuals who are citizens of the United States, 1 of whom shall have State bank supervisory experience, and separately 1 of whom shall have demonstrated primary experience working in or supervising depository institutions having less than $10,000,000,000 in total assets.
    - (3) Non-voting status of the Director of the Bureau of Consumer Financial Protection
      - The Director of the Bureau of Consumer Financial Protection shall serve as a non-voting observer to the Board of Directors of the Corporation.
  - by adding at the end the following:
- in subsection (c)—
  - in paragraph (1), by adding at the end the following: ; and No individual may be appointed as a member for more than two terms.
    - (4) Maximum length of service
      - Notwithstanding any other provision of this Act, no person shall serve as a member for more than twelve years in total.
  - by adding at the end the following:
- in subsection (d)(2)—
  - by striking each place such term appears and inserting Bureau of Consumer Financial Protection; and
  - by inserting after ; and
- in subsection (f)(2), by striking .

H.R. 3446

Table of contents

SEC. 1. Short title

SEC. 2. FDIC Board of Directors