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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.

referredUnited States· United States Congress· EN

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. 1 February 2022

    Introduced

    Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

    Source: IntroReferral

  2. 1 February 2022

    Introduced

    Introduced in Senate

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

Documents

3 official files

Introduced in Senate (text)

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Leesvertaling

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  • Introduced in Senate (text)

    Introduced in Senate · EN · 1 February 2022

    ViewDownloadOpen at official source

  • Introduced in Senate (PDF)

    Introduced in Senate · EN · 1 February 2022

    ViewDownloadOpen at official source

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  • Introduced in Senate

    summary · EN · 1 February 2022

    Open at official source

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Sponsors

Related records

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Sources

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