H.R. 3446 · On the floor · Finance and Financial Sector

FDIC Board Accountability Act

Sponsor: Bill Huizenga (R-MI)

What it does

• Requires 4 of the 5 FDIC Board seats to be filled by presidential appointees confirmed by the Senate, with one appointee having state bank supervisory experience and another having primary experience in institutions under $10 billion in assets.
• Makes the Director of the Bureau of Consumer Financial Protection a non-voting observer to the FDIC Board instead of a voting member.
• Limits FDIC Board members to a maximum of two consecutive terms and twelve years of total service.
• Removes the FDIC Chairman's exemption from separation-of-duties rules that currently allow the Comptroller of the Currency to hold that dual office.

Latest action

Sep 8, 2025: Placed on the Union Calendar, Calendar No. 201.

Committee: House Financial Services