H.R. 1409 · 118th Congress
FDIC Board Accountability Act
- Stage
- In committee
- Sponsor
- Blaine Luetkemeyer
- Introduced
- 2023-03-07
- Latest action
- 2023-03-07 · Introduced in House
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.