H.R. 3446House119th Congress (2025-2027)In Committee

FDIC Board Accountability Act

AI-Generated Summary

Updated November 24, 2025 at 12:31 AM UTC

The FDIC Board Accountability Act changes how members of the Federal Deposit Insurance Corporation’s Board are chosen and how long they can serve. It requires four presidential appointees, including specific experience in state banking supervision and small‑bank oversight, and caps service at two terms or twelve years total. The bill also adds the Consumer Financial Protection Bureau director as a non‑voting observer on the Board and corrects agency naming throughout the statute.

Key Provisions

Sets the FDIC Board to have four members appointed by the President with Senate consent, all U.S. citizens.
Requires one board member to have state‑bank supervisory experience and another to have primary experience with depository institutions under $10 billion in assets.
Limits any individual to no more than two terms and a total of twelve years of service on the Board.
Makes the Director of the Bureau of Consumer Financial Protection a non‑voting observer on the FDIC Board.
Updates the agency name references from “Consumer Financial Protection Bureau” to “Bureau of Consumer Financial Protection.”

Legislative Activity

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6 earlier actions

HouseCalendars Latest Action

Placed on the Union Calendar, Calendar No. 201.

September 8, 2025

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HouseIntro Referral

Introduced in House

May 15, 2025

HouseIntro Referral

Referred to the House Committee on Financial Services.

Financial Services Committee

May 15, 2025

HouseCommittee

Committee Consideration and Mark-up Session Held

Financial Services Committee

July 22, 2025

HouseCommittee

Committee Consideration and Mark-up Session Held

Financial Services Committee

July 23, 2025

HouseCommittee

Ordered to be Reported by the Yeas and Nays: 26 - 23.

Financial Services Committee

July 23, 2025

HouseCommittee

Reported by the Committee on Financial Services. H. Rept. 119-244.

Financial Services Committee

September 8, 2025

HouseCalendars

Placed on the Union Calendar, Calendar No. 201.

September 8, 2025

Bill Text

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Reported in HouseIssued September 8, 2025

Union Calendar No. 201

119th CONGRESS

1st Session

H. R. 3446

[Report No. 119–244]

IN THE HOUSE OF REPRESENTATIVES

May 15, 2025

Mr. Huizenga (for himself, Mr. Barr, Mr. Meuser, and Mr. Rose) introduced the following bill; which was referred to the Committee on Financial Services

September 8, 2025

Committed to the Committee of the Whole House on the State of the Union and ordered to be printed

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.

Short title

This Act may be cited as the FDIC Board Accountability Act.

FDIC Board of Directors

Section 2 of the Federal Deposit Insurance Act (12 U.S.C. 1812) is amended—

(1)

in subsection (a)—

(A)

in paragraph (1)—

(i)

in subparagraph (A), by adding and at the end; and

(ii)

by striking subparagraphs (B) and (C) and inserting the following:

(B)

4 of whom shall be appointed by the President, by and with the advice and consent of the Senate, from among individuals who are citizens of the United States, 1 of whom shall have State bank supervisory experience, and separately 1 of whom shall have demonstrated primary experience working in or supervising depository institutions having less than $10,000,000,000 in total assets.

; and

(B)

by adding at the end the following:

(3)

Non-voting status of the Director of the Bureau of Consumer Financial Protection

The Director of the Bureau of Consumer Financial Protection shall serve as a non-voting observer to the Board of Directors of the Corporation.

;

(2)

in subsection (c)—

(A)

in paragraph (1), by adding at the end the following: No individual may be appointed as a member for more than two terms.; and

(B)

by adding at the end the following:

(4)

Maximum length of service

Notwithstanding any other provision of this Act, no person shall serve as a member for more than twelve years in total.

;

(3)

in subsection (d)(2)—

(A)

by striking Consumer Financial Protection Bureau each place such term appears and inserting Bureau of Consumer Financial Protection; and

(B)

by inserting or observer, as the case may be, after member; and

(4)

in subsection (f)(2), by striking or of the Consumer Financial Protection Bureau.

September 8, 2025

Committed to the Committee of the Whole House on the State of the Union and ordered to be printed