Bill · H.R. 3446· House(119-HR-3446)
FDIC Board Accountability Act
- Introduced
- 5/15/2025
- Last activity
- 9/8/2025 — Placed on the Union Calendar, Calendar No. 201.
- Sponsored by
- Bill Huizenga
- Cosponsors
- - 3 - 0
- Introduced
- On Calendar
What this bill would do
This bill, titled the "FDIC Board Accountability Act," seeks to amend the Federal Deposit Insurance Act. It revises the membership requirements for the Board of Directors of the Federal Deposit Insurance Corporation. Specifically, it changes how Presidentially appointed members are selected by requiring specific types of experience. It also changes the role of the Director of the Bureau of Consumer Financial Protection to a non-voting observer. Additionally, the bill implements new limits on how long individuals can serve on the board.
Yes
Does this make it easier to run a small business?+3
The bill mandates that one FDIC board member have experience supervising institutions with less than $10 billion in assets, which prioritizes the needs of smaller depository institutions.
Does this make what the government does easier for the public to see?+2
The bill implements term limits and maximum service length for FDIC board members, which can increase institutional turnover and transparency.
Would business owners be better off under this?+2
The emphasis on smaller depository institutions may benefit community bank owners.
The opposite
Does this give people more protection from unfair business practices?-4
The bill reduces the influence of the Consumer Financial Protection Bureau by converting its Director to a non-voting observer on the FDIC Board.
Would households on low incomes be better off under this?-2
The reduction in the voting power of the Consumer Financial Protection Bureau may reduce protections for lower-income consumers.
Who it would affect, and how
Potential Positive Impacts for People
-
Increased expertise in specific banking sectors: The bill requires that one appointed member have State bank supervisory experience and another have experience working in or supervising institutions with less than $10,000,000,000 in total assets (Section 2, subsection (a), paragraph (1), subparagraph (B)).
-
Term limits for board members: The bill establishes that no individual may be appointed for more than two terms and limits total service to no more than twelve years (Section 2, subsection (c), paragraph (1) and (4)).
Potential Negative Impacts for People
- Reduced voting power for consumer protection: The Director of the Bureau of Consumer Financial Protection would serve only as a non-voting observer rather than a voting member of the Board of Directors (Section 2, subsection (a), paragraph (3)).
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Governance And Ideology
- Improves Government Transparency+2
- Economy And Finance
- Improves Small Business Support+3Improves Consumer Protection-4
- Demographic And Interest Groups
- Good For Business Owners+2Good For Low Income Households-2
- 9/8/2025
- Reported by the Committee on Financial Services. H. Rept. 119-244.
- Placed on the Union Calendar, Calendar No. 201.
- 7/23/2025
- Committee Consideration and Mark-up Session Held
- Ordered to be Reported by the Yeas and Nays: 26 - 23.
- 7/22/2025
- Committee Consideration and Mark-up Session Held
- 5/15/2025
- Referred to the House Committee on Financial Services.
- 3 Cosponsors added.
- Introduced in House
One bill Congress.gov lists as related to this one — companions in the other chamber, earlier versions, and bills this one absorbed or was folded into.
Andy BarrRepublican · Kentucky
Daniel MeuserRepublican · Pennsylvania
John RoseRepublican · Tennessee