summary
Introduced
12/14/2021
12/14/2021
In Committee
12/14/2021
12/14/2021
Crossed Over
Passed
Dead
01/03/2023
01/03/2023
Introduced Session
117th Congress
Bill Summary
A BILL To amend the Federal Deposit Insurance Act to revise the membership requirements for the Board of Directors of the Federal Deposit Insurance Corporation, and for other purposes.
AI Summary
This bill, the FDIC Board Accountability Act, amends the Federal Deposit Insurance Act to revise the membership requirements for the Board of Directors of the Federal Deposit Insurance Corporation (FDIC). Specifically, it changes the composition of the FDIC Board by requiring that 4 of the 5 members be appointed by the President and confirmed by the Senate, with one member having state bank supervisory experience and another having experience working in or supervising small depository institutions. The bill also makes the Director of the Bureau of Consumer Financial Protection a non-voting observer on the FDIC Board and limits the length of service for FDIC Board members to two terms or a maximum of 12 years.
Committee Categories
Business and Industry
Sponsors (24)
Blaine Luetkemeyer (R)*,
Andy Barr (R),
Ted Budd (R),
Warren Davidson (R),
Tom Emmer (R),
Anthony Gonzalez (R),
Lance Gooden (R),
French Hill (R),
Trey Hollingsworth (R),
Bill Huizenga (R),
David Kustoff (R),
Barry Loudermilk (R),
Frank Lucas (R),
Patrick McHenry (R),
Alex Mooney (R),
Bill Posey (R),
John Rose (R),
Pete Sessions (R),
Bryan Steil (R),
Van Taylor (R),
William Timmons (R),
Ann Wagner (R),
Roger Williams (R),
Lee Zeldin (R),
Last Action
Referred to the House Committee on Financial Services. (on 12/14/2021)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location | Created |
|---|---|---|
| State Bill Page | https://www.congress.gov/bill/117th-congress/house-bill/6274/all-info | 12/15/2021 |
| BillText | https://www.congress.gov/117/bills/hr6274/BILLS-117hr6274ih.pdf | 12/23/2021 |
| Bill | https://www.congress.gov/117/bills/hr6274/BILLS-117hr6274ih.pdf.pdf | 12/23/2021 |
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