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H. R. 3446 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.
Summary
This bill modifies the structure and membership requirements of the Federal Deposit Insurance Corporation (FDIC) Board of Directors. It requires that of the four Board members appointed by the President with Senate approval, at least one must have state bank supervisory experience and one must have experience working in or supervising smaller depository institutions with less than $10 billion in total assets. The bill changes the status of the Director of the Bureau of Consumer Financial Protection from a voting Board member to a non-voting observer. The bill also imposes term limits on Board members, restricting service to no more than two consecutive terms and a maximum of twelve years total service. These changes are intended to increase Board accountability and ensure expertise in different areas of banking regulation.
AI-generated plain-language summary of the bill text — neutral, and may be imperfect. See the full text below for the exact wording.
Sponsor (1)
- Rep. Huizenga, Bill [R-MI-4] (R-MI)
3 cosponsors
- Rep. Barr, Andy [R-KY-6] (R-KY)
- Rep. Meuser, Daniel [R-PA-9] (R-PA)
- Rep. Rose, John W. [R-TN-6] (R-TN)
Actions (7)
- Sep 8, 2025 Placed on the Union Calendar, Calendar No. 201. · house
- Sep 8, 2025 Reported by the Committee on Financial Services. H. Rept. 119-244. · house
- Jul 23, 2025 Ordered to be Reported by the Yeas and Nays: 26 - 23. · house
- Jul 23, 2025 Committee Consideration and Mark-up Session Held · house
- Jul 22, 2025 Committee Consideration and Mark-up Session Held · house
- May 15, 2025 Referred to the House Committee on Financial Services. · house
- May 15, 2025 Introduced in House
More bills on these subjects (8)
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Similar bills (6)
Bills with similar text or summary — includes reintroductions across Congresses. Ranked by semantic similarity of the bill text (computed locally); a neutral discovery aid, not a claim the bills are duplicates.
Text versions (2)
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Full text
IN THE HOUSE OF REPRESENTATIVES
May 15, 2025
Mr. Huizenga (for himself, Mr. Barr, Mr. Meuser, and Mr. Rose) introduced the following bill; which was referred to the Committee on Financial Services
September 8, 2025
Committed to the Committee of the Whole House on the State of the Union and ordered to be printed
A BILL
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.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 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 (12 U.S.C. 1812) is amended—
(1) in subsection (a)—
(A) in paragraph (1)—
(i) in subparagraph (A), by adding “and” at the end; and
(ii) by striking subparagraphs (B) and (C) and inserting the following:
“(B) 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.”; and
(B) by adding at the end the following:
“(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.”;
(2) in subsection (c)—
(A) in paragraph (1), by adding at the end the following: “No individual may be appointed as a member for more than two terms.”; and
(B) by adding at the end the following:
“(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.”;
(3) in subsection (d)(2)—
(A) by striking “Consumer Financial Protection Bureau” each place such term appears and inserting “Bureau of Consumer Financial Protection”; and
(B) by inserting “or observer, as the case may be,” after “member”; and
(4) in subsection (f)(2), by striking “or of the Consumer Financial Protection Bureau”. Union Calendar No. 201
119th CONGRESS
1st Session
H. R. 3446
[Report No. 119-244]
A BILL
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.
September 8, 2025
Committed to the Committee of the Whole House on the State of the Union and ordered to be printed
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