H.R. 3446 · Where this bill is now
Waiting for a House vote
Approved by committee Sep 8, 2025; no House vote yet
What this bill does
In plain words · AI-written from the official summaryChanges who sits on the FDIC board
The FDIC is a federal agency that insures bank deposits if a bank fails. This bill changes how its board of directors is set up. It removes the director of the Consumer Financial Protection Bureau as a voting board member and makes them a non-voting observer instead. The bill also requires the board to include one person with state bank supervisory experience and one person with experience working in or supervising small banks. Additionally, it limits how long any board member can serve to 12 years.
How it affects you
This change doesn't directly affect most people's day-to-day lives. However, if you bank at a small or state-chartered bank, the new board composition could indirectly influence how that bank is regulated and supervised. The main impact is on how the FDIC board operates internally.
Read the official summary (Introduced in House, May 15, 2025)
FDIC Board Accountability Act
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.
Written by AI (Claude) using only the official summary by the Congressional Research Service, the Library of Congress’s nonpartisan research staff. It can miss nuance, so check the official summary and the bill text for details.
1st SessionH. R. 3446
A BILL
FDIC Board Accountability Act
Sponsor: Rep. Bill Huizenga (R-MI-4) · Introduced May 15, 2025 · Finance and Financial Sector · 2 versions of the text
Sources: Congress.gov actions and votes · bill text from GovInfo · latest official action Sep 8, 2025: “Placed on the Union Calendar, Calendar No. 201.”
Sections
The wording of this bill hasn’t changed across its 2 official versions.