118th Congress · HOUSE BILLBILL

H.R. 1409FDIC Board Accountability Act

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.

Finance and financial sector
Introduced Mar 7, 2023
Last action Mar 7, 2023
Pipeline · Bill → Law
Step 1
Introduced
Mar 7, 2023
Step 2
Referred
Mar 7, 2023
Financial Services
Step 3
Committee
Step 4
House floor
Step 5
Senate
Step 6
Resolve Changes
Step 7
Signed
SummaryCRS Summary

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.

Provisions · 2 sectionsIntroduced in House
Timeline · 2 actions
Mar 7, 2023
Introduced in House
Mar 7, 2023
Referred to the House Committee on Financial Services.