HR 3446
Advanced toward a vote
Caps FDIC board members at two terms and twelve years of total service, requires the President to appoint four members with Senate consent including specified experience, and adds the Consumer Financial Protection Bureau director as a non-voting observer on the board.
Official title: FDIC Board Accountability Act
Timeline each lane is a chamber; dates pull from congress.gov actions
House
Introduced
15-MAY-2025
Referred
15-MAY-2025
Approved by committee
23-JUL-2025
Reported
08-SEP-2025
On the calendar
08-SEP-2025
- Requires four board members to be appointed by the President with Senate consent, one with state bank supervisory experience and one with experience at depository institutions under $10 billion in total assets.
- Makes the Director of the Bureau of Consumer Financial Protection a non-voting observer to the FDIC Board of Directors.
- Limits each member to two terms and no more than twelve years of total service, notwithstanding other provisions of the Act.
- Updates references to the Consumer Financial Protection Bureau to its current name, the Bureau of Consumer Financial Protection, in the Federal Deposit Insurance Act.
Covers an older version. The newest CRS summary describes the bill as of "Introduced in House" (15-MAY-2025); the text has changed since (Reported in House, 08-SEP-2025).
CRS is the Library of Congress's nonpartisan research office. Read it on congress.gov- Financial Services Committee (House)
Finance and Financial Sector
■ 3 R
3 Republicans