H.R. 3446Heading to a voteJobs & the economy
Bill would strip CFPB director's vote on FDIC board
Data as of July 22, 2026
The FDIC Board Accountability Act would end the CFPB director's vote on the FDIC board and add 12-year term limits.AI-decoded35-second read · 4 questions answered below
Decoded
AI-decodedWhat does this do?
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.
Who does it affect?
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.
Why does it matter?
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.
Where does it stand?
- Introduced
- House committee
- House vote — You are here
- Senate
- President's desk
Right now: it's headed for a House floor vote. If the Senate changes it, it goes back to the House before reaching the President.
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Official title
FDIC Board Accountability Act
- Introduced:
- May 15, 2025
- Latest action:
- September 8, 2025
Placed on the Union Calendar, Calendar No. 201.
Read the official bill on Congress.gov