FDIC Board Accountability Act
Sponsored By: Representative Huizenga, Bill [R-MI-4]
In Committee
Summary
Limits FDIC board tenure and sets member qualifications.
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This bill would remake the FDIC Board by specifying a four-member structure appointed by the President with Senate consent, requiring one member with state bank supervisory experience and one with primary experience at depository institutions under $10 billion, capping service at two terms and a maximum of 12 years, and designating the Director of the Bureau of Consumer Financial Protection as a non-voting observer while updating statutory references to the Bureau.
- Appointees: It would require four presidentially appointed, Senate-confirmed members and stop any one person from serving more than two terms or more than 12 years.
- Small banks: One board seat must be filled by someone with primary experience working in or supervising depository institutions with under $10 billion in assets, increasing representation for smaller banks.
- State regulators: One seat must have state bank supervisory experience, ensuring state-level supervision knowledge on the Board.
- Consumer protection leadership: The Bureau of Consumer Financial Protection Director would serve as a non-voting observer and the bill renames FDIC references to the Bureau in statute.
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Bill Overview
Analyzed Economic Effects
1 provisions identified: 0 benefits, 0 costs, 1 mixed.
New rules for FDIC board seats
This bill would change who can sit on the FDIC board. The President would appoint four U.S. citizens, with Senate approval. At least one must have state bank supervisory experience, and one must have primary experience with banks under $10,000,000,000 in assets. The consumer bureau’s director would attend as a non‑voting observer, and member travel or similar allowances would also cover the observer. Service would be capped at two terms and no more than 12 total years. The bill would also update laws to say Bureau of Consumer Financial Protection.
Sponsors & CoSponsors
Sponsor
Huizenga, Bill [R-MI-4]
MI • R
Cosponsors
Barr
KY • R
Sponsored 5/15/2025
Rep. Meuser, Daniel [R-PA-9]
PA • R
Sponsored 5/15/2025
Rose
TN • R
Sponsored 5/15/2025
Roll Call Votes
No roll call votes available for this bill.
View on Congress.gov