FDIC board would have four presidential appointees and term limits
Placed on the calendarH.R. 3446Latest action
Sponsor: Bill Huizenga · Representative · MI
AIDecoded by AI · checked against the recordRead the official text
Official title: FDIC Board Accountability Act
119th Congress
Topics: Jobs & the economy
Introduced:
Read the official bill on Congress.govIn plain words
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The FDIC board would have four appointed members, and the CFPB director would lose the vote.
40-second read · 4 questions answered below
What does this do?
The bill would set the FDIC board at four members appointed by the president and , all of them U.S. citizens. One would need state-level bank supervision experience, and another would need experience with banks under $10 billion in assets. The CFPB director would attend as a nonvoting observer.
Who does it affect?
The people who would serve on the FDIC board, and the president and Senate, who choose and confirm them. Banks of all sizes, especially smaller ones, and customers with insured deposits could be affected indirectly.
Why does it matter?
The changes could shape how the FDIC makes decisions about bank rules and oversight. The bill does not change how much of a customer's deposits are insured.
AI-drafted summary. Check it against the official text before you act on it.
Based on the “Reported in House” text of Sep 8, 2025.
Read the official bill on Congress.govMake the call
Where does it stand?
- IntroducedMay 15, 2025
- House committee
- House voteYou are here · Sep 8, 2025
- Senate
- The president's desk
Right now: it was placed on the , 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.