FDIC Board Accountability Act

This bill makes changes to who sits on the board that runs the Federal Deposit Insurance Corporation (FDIC). It would take away the voting power of the director of the Consumer Financial Protection Bureau on the board, letting them only watch and listen instead of vote. The bill also says two new board members must be added — one with experience in state bank oversight and one with experience working in or overseeing small banks. Finally, it sets a limit so that no board member can serve for more than 12 years.

Your Vote