arrow_back Civic Audit
Share share

FDIC Board Changes: Enhanced Accountability and Experience

This act modifies the rules for the Federal Deposit Insurance Corporation (FDIC) board, which safeguards your bank deposits. It mandates that board members have experience in supervising state banks or small financial institutions, aiming for better representation and understanding of smaller banks' needs. It also limits the tenure of board members to encourage fresh perspectives.
Key points
More Experts: The FDIC board will include individuals with experience in supervising state banks or small banks (under $10 billion in assets).
Term Limits: Board members can serve a maximum of two terms or a total of twelve years, preventing individuals from holding power for too long.
Non-Voting Observer: The Director of the Bureau of Consumer Financial Protection will attend FDIC board meetings as a non-voting observer, facilitating better information exchange.
article Official text account_balance Process page notifications_active Track this Bill
gavel
Status:
Expired
Record your position for audit.
Why does your vote on bills matter?
It creates raw, undeniable proof. Civic Will provides the permanent data to verify the Government's loyalty towards its citizens (explained here). Start recording it now.
Additional Information
Print number: 117_HR_6274
Sponsor: Rep. Luetkemeyer, Blaine [R-MO-3]
Process start date: 2021-12-14
System Note: Lustra is free, publicly auditable civic infrastructure, with full source code available on GitHub. You are reading sterilized legislative data, processed by our radical neutrality engine to strip political spin and retain factual mechanics. We process only official government data. Original documents remain the authoritative source, always verify them if you can.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

FDIC Board Accountability Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_6274.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2021-12-14.

What are the main provisions?

Key points include:

  • More Experts: The FDIC board will include individuals with experience in supervising state banks or small banks (under $10 billion in assets).
  • Term Limits: Board members can serve a maximum of two terms or a total of twelve years, preventing individuals from holding power for too long.
  • Non-Voting Observer: The Director of the Bureau of Consumer Financial Protection will attend FDIC board meetings as a non-voting observer, facilitating better information exchange.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Luetkemeyer, Blaine [R-MO-3].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Financial Services.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-28.

What is the impact of this bill?

We don't know, that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge.

CATEGORIES

Economy