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H.R. 3446119th CongressPlaced on the calendarLatest action Sep 8, 2025Decoded by AI · checked against the record
The plain-language version leads. The official text is always the reference.
The FDIC Board Accountability Act would end the CFPB director's vote on the FDIC board and add 12-year term limits.
35-second read · 4 questions answered below
HR 3446 would make the CFPB director a non-voting observer on the FDIC board instead of a voting member. It would also require certain board members to have state banking supervisory or small-bank experience, and would cap board service at two terms or twelve years total.
The bill affects FDIC board governance, the CFPB director, bank regulators, and community and regional banks. It does not directly affect individual bank account holders or deposit insurance coverage.
Removing the CFPB director's vote could reduce consumer protection input in FDIC decisions, while supporters argue the changes bring more diverse regulatory expertise and limit indefinite service on the board.
AI-drafted summary. Verify it against the official text before you act on it. Read the official bill on Congress.gov
Right now: it was placed on the House floor calendar, and the official record shows no floor action on it since. If the Senate changes it, it goes back to the House before reaching the President.
Latest action: — Placed on the Union Calendar, Calendar No. 201.