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HR 1409 118th Congress House Finance and Financial Sector Advisory bodies Banking and financial institutions regulation Federal Deposit Insurance Corporation (FDIC)

FDIC Board Accountability Act

Introduced: April 25, 2023 See on congress.gov
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This bill died when the 118th Congress ended
It never became law before the 118th Congress (2023–2024) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 7, 2023
Referred to the House Committee on Financial Services.
Mar 7, 2023
Introduced in House
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 Plain-English summary Congressional Research Service

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 requires the appointment of an individual with demonstrated primary experience working in or supervising small depository institutions. Further, the bill limits the term length of a board member to twelve years.

What's happening now March 7, 2023

Referred to the House Committee on Financial Services.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Republican 1
R
Alford, Mark
Missouri · Apr 25, 2023
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 1409: FDIC Board Accountability Act. 118th Congress. Open America. https://openamerica.io/bill/118-HR-1409/
MLA
"H.R. 1409: FDIC Board Accountability Act." 118th Congress, 2026, Open America, https://openamerica.io/bill/118-HR-1409/.
Bluebook (legal)
H.R. 1409, 118th Cong. (2026), https://openamerica.io/bill/118-HR-1409/.
Markdown link
[H.R. 1409: FDIC Board Accountability Act](https://openamerica.io/bill/118-HR-1409/)
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