United States · Bill · S
S. 3540 (117th)
A bill to amend the Federal Deposit Insurance Act to remove the Comptroller of the Currency and the Director of the Bureau of Consumer Financial Protection from the Board of Directors of the Federal Deposit Insurance Corporation, and for other purposes.
Introduced
1 February 2022
Last action
1 February 2022 · Introduced
Status
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Sponsors
Sen. Scott, Tim [R-SC], Sen. Cruz, Ted [R-TX], Sen. Toomey, Patrick [R-PA], Sen. Lummis, Cynthia M. [R-WY], Sen. Hagerty, Bill [R-TN], Sen. Crapo, Mike [R-ID], Sen. Tillis, Thomas [R-NC], Sen. Cramer, Kevin [R-ND], Sen. Moran, Jerry [R-KS], Sen. Daines, Steve [R-MT], Sen. Shelby, Richard C. [R-AL], Sen. Kennedy, John [R-LA]
Subjects
Discovery layer
Source updated
7 April 2025
Summary
This bill revises membership of the Board of Directors of the Federal Deposit Insurance Corporation. Currently, the Comptroller of the Currency and the Director of the Consumer Financial Protection Bureau have statutorily designated seats on the five-member board. The bill removes this requirement and bars any officer of either agency from holding seats on the board. Additionally, the bill revises the continuation of service requirements to limit a board member's service beyond the end of their term.
This text is taken from the official record. PoliticalRepo does not editorialize.
Timeline
1 February 2022
Introduced
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Source: IntroReferral
1 February 2022
Introduced
Introduced in Senate
Source: IntroReferral
Votes
No vote records are attached yet.
Versions
- Introduced in Senate · 1 February 2022 · Download file
Documents
3 official files
Introduced in Senate (text)
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Introduced in Senate (text)
Introduced in Senate · EN · 1 February 2022
Introduced in Senate (PDF)
Introduced in Senate · EN · 1 February 2022
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Introduced in Senate
summary · EN · 1 February 2022
Leesvertaling
Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.
Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.
Sponsors
- Sen. Scott, Tim [R-SC] · R · Sponsor
- Sen. Cruz, Ted [R-TX] · R · Sponsor
- Sen. Toomey, Patrick [R-PA] · R · Sponsor
- Sen. Lummis, Cynthia M. [R-WY] · R · Sponsor
- Sen. Hagerty, Bill [R-TN] · R · Sponsor
- Sen. Crapo, Mike [R-ID] · R · Sponsor
- Sen. Tillis, Thomas [R-NC] · R · Sponsor
- Sen. Cramer, Kevin [R-ND] · R · Sponsor
- Sen. Moran, Jerry [R-KS] · R · Sponsor
- Sen. Daines, Steve [R-MT] · R · Sponsor
- Sen. Shelby, Richard C. [R-AL] · R · Sponsor
- Sen. Kennedy, John [R-LA] · R · Sponsor
- · ssbk00 · Standing
Related records
No cross-record relationships stored yet.
Sources
PoliticalRepo is an index and interpretation layer, not the authoritative legal source.
- Official source: https://www.congress.gov/bill/117th-congress/senate-bill/3540
- Open data entity: https://api.congress.gov/v3/bill/117/s/3540
- us · 117-s-3540 · source updated 7 April 2025