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EconomyH.R. 3446Not Yet VotedComments

FDIC Board Accountability Act

Official title: 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.

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How Congress Voted

What Happened in Congress?

Pending

Not yet voted on the floor.

Where the Bill Stands

  1. Introduced, done
  2. Committee, done
  3. Floor Vote, current stage
  4. Outcome, not yet

What This Bill Does

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.

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Related Documents

Bill on Congress.govWeb Page ↗ (opens in a new tab)

Timeline

  1. House floor actionsReported by the Committee on Financial Services. H. Rept. 119-244.
  2. House committee actionsCommittee Consideration and Mark-up Session Held
  3. House committee actionsCommittee Consideration and Mark-up Session Held
  4. Library of CongressIntroduced in House
  5. House floor actionsReferred to the House Committee on Financial Services.
  6. Introduced
  7. Committee

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