Bills of Congress September 8, 2025 by U.S. Congress

FDIC Board Accountability Act

Summary

The FDIC Board Accountability Act aims to revise the membership requirements for the Board of Directors of the Federal Deposit Insurance Corporation (FDIC). The bill modifies the appointment process, term limits, and voting status of board members. It also emphasizes the inclusion of individuals with specific experience in state bank supervision and depository institutions with less than $10 billion in assets.

Expected Effects

The likely effect of this bill is a change in the composition and expertise of the FDIC Board of Directors. This could lead to altered regulatory approaches and oversight of financial institutions. The non-voting status of the Director of the Bureau of Consumer Financial Protection may reduce the Bureau's direct influence on FDIC decisions.

Potential Benefits

Increased representation of smaller depository institutions on the FDIC Board.
Enhanced expertise in state bank supervision.
Limits on terms to ensure fresh perspectives.
Could lead to more balanced regulatory policies.
May improve public confidence in the FDIC's governance.

Potential Disadvantages

Reduced influence of the Bureau of Consumer Financial Protection on the FDIC Board.
Potential for political influence in presidential appointments.
Term limits could lead to loss of experienced board members.
May not address all accountability concerns.
Possible delays in decision-making due to new board composition.

Constitutional Alignment

★ ★ ★ ★ ★

The bill appears to align with Article I, Section 8 of the US Constitution, which grants Congress the power to regulate commerce, including banking and financial institutions. The appointments by the President with Senate confirmation align with the advice and consent clause in Article II, Section 2. The bill does not appear to infringe on any specific constitutional rights or limitations.