119-hr3446

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 3446 Reported in House

    (RH) ]

<DOC>

 Union Calendar No. 201
119th CONGRESS
 1st Session
 H. R. 3446

 [Report No. 119-244]

 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

 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