I 
117TH CONGRESS 
1ST SESSION H. R. 6274 
To amend the Federal Deposit Insurance Act to revise the membership 
requirements for the Board of Directors of the Federal Deposit Insurance 
Corporation, and for other purposes. 
IN THE HOUSE OF REPRESENTATIVES 
DECEMBER 14, 2021 
Mr. LUETKEMEYER (for himself, Mr. WILLIAMS of Texas, Mr. BUDD, Mrs. 
WAGNER, Mr. HUIZENGA, Mr. TIMMONS, Mr. MOONEY, Mr. EMMER, Mr. 
LOUDERMILK, Mr. POSEY, Mr. ROSE, Mr. KUSTOFF, Mr. TAYLOR, Mr. 
STEIL, Mr. GONZALEZ of Ohio, Mr. GOODEN of Texas, Mr. DAVIDSON, 
Mr. HOLLINGSWORTH, Mr. MCHENRY, Mr. ZELDIN, Mr. HILL, Mr. 
BARR, Mr. LUCAS, and Mr. SESSIONS) introduced the following bill; 
which was referred to the Committee on Financial Services 
A BILL 
To amend the Federal Deposit Insurance Act to revise the 
membership requirements for the Board of Directors of 
the Federal Deposit Insurance Corporation, and for other 
purposes. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘FDIC Board Account-
ability Act’’. 
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SEC. 2. FDIC BOARD OF DIRECTORS. 
Section 2 of the Federal Deposit Insurance Act (12 
U.S.C. 1812) is amended— 
(1) in subsection (a)— 
(A) in paragraph (1)— 
(i) in subparagraph (A), by adding 
‘‘and’’ at the end; and 
(ii) by striking subparagraphs (B) and 
(C) and inserting the following: 
‘‘(B) 4 of whom shall be appointed by the 
President, by and with the advice and consent 
of the Senate, from among individuals who are 
citizens of the United States, 1 of whom shall 
have State bank supervisory experience, and 
separately 1 of whom shall have demonstrated 
primary experience working in or supervising 
depository 
institutions 
having 
less 
than 
$10,000,000,000 in total assets.’’; and 
(B) by adding at the end the following: 
‘‘(3) NON-VOTING STATUS OF THE DIRECTOR 
OF THE BUREAU OF CONSUMER FINANCIAL PROTEC-
TION.—The Director of the Bureau of Consumer Fi-
nancial Protection shall serve as a non-voting ob-
server to the Board of Directors of the Corpora-
tion.’’; 
(2) in subsection (c)— 
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(A) in paragraph (1), by adding at the end 
the following: ‘‘No individual may be appointed 
as a member for more than two terms.’’; and 
(B) by adding at the end the following: 
‘‘(4) MAXIMUM
LENGTH
OF
SERVICE.—Not-
withstanding any other provision of this Act, no per-
son shall serve as a member for more than twelve 
years in total.’’; 
(3) in subsection (d)(2)— 
(A) by striking ‘‘Consumer Financial Pro-
tection Bureau’’ each place such term appears 
and inserting ‘‘Bureau of Consumer Financial 
Protection’’; and 
(B) by inserting ‘‘or observer, as the case 
may be,’’ after ‘‘member’’; and 
(4) in subsection (f)(2), by striking ‘‘or of the 
Consumer Financial Protection Bureau’’. 
Æ 
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