Congress·Reported·H.R. 3446

FDIC Board Accountability Act

FDIC: Changes to Board Leadership and Term Limits

Sep 8, 2025·View on Congress.gov·Read full text

This bill is one vehicle in a longer effort. See the full story across every version.View effort →

Next up: The HouseNo action in 10 months

This bill is waiting for a vote by the full House of Representatives after being approved by a committee in September 2025. No action has been taken on the bill since September 2025, which means it has been stalled for about nine months. The House leadership must decide to schedule a floor vote for the bill to move forward.

Legislative Progress

House

Senate

President

Law

Unlikely to pass

This bill targets the power of a consumer protection official, which usually leads to a standoff between parties in the Senate.

How we got here

This bill’s path across every version that has carried it.

Reintroduced
Reintroduced from H.R. 1409 (118th), which died when its Congress ended.
H.R. 1409 (118th) →

Key Points

This bill changes the leadership rules for the agency that protects your bank deposits. It sets a strict limit of 12 years or two terms for board members. This is designed to prevent people from staying in power for too long and to bring in fresh perspectives.
The head of the Consumer Financial Protection Bureau would lose their right to vote on the board. Instead, they would only be allowed to watch and listen as an observer. This would reduce that agency's influence over how the nation's banks are regulated.
The White House would appoint four of the board members, and the Senate would have to approve them. At least one leader must have experience working with small community banks. This ensures that the voices of small-town banks are heard when the government makes big decisions about the economy.
Another seat on the board must go to someone with experience as a state bank supervisor. By requiring specific backgrounds, the bill aims to make sure the people in charge actually understand the different types of banks they are overseeing.

Impact Analysis

Govbase has not yet run an impact analysis on this legislation.

Milestones

4 milestones7 actions

Sep 8, 2025House

Placed on the Union Calendar, Calendar No. 201.

The bill is now on the schedule for the full chamber to consider. It's in line for debate and a vote.

Sep 8, 2025House

Reported by the Committee on Financial Services. H. Rept. 119-244.

The committee approved this bill and is sending it to the full chamber for a vote. This is a significant step — most bills never get this far.

Jul 23, 2025House

Ordered to be Reported by the Yeas and Nays: 26 - 23.

The committee approved this bill and is sending it to the full chamber for a vote. This is a significant step — most bills never get this far.

Jul 23, 2025House

Committee Consideration and Mark-up Session Held

Jul 22, 2025House

Committee Consideration and Mark-up Session Held

No votes or news coverage recorded for this bill yet.

Source Information

Document Type

Congressional Bill

Official Title

FDIC Board Accountability Act

Bill NumberHR 3446

Congress119th Congress

ChamberHouse of Representatives

Latest ActionPlaced on the Union Calendar, Calendar No. 201.

Data Sources

Congress.gov

Official legislative information

Read Full Bill Text

Sponsor

Cosponsors

(3)

R: 3

Analysis generated by AI. Always verify with official sources.