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: March 7, 2023
See on congress.gov
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
Plain-English summary
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
Referred to the House Committee on Financial Services.
Committees of jurisdiction
1
Cosponsors
1