FDIC Board Accountability Act

This bill changes how the FDIC Board is appointed and governed. It requires two new directors to have specific banking experience (one with oversight of small banks and one with experience at institutions under $10 billion in assets) and limits total board service to 12 years. The Director of the Bureau of Consumer Financial Protection will serve as a non-voting observer on the board, replacing previous references to the Consumer Financial Protection Bureau. These changes directly affect FDIC Board members and the CFPB Director's role in board proceedings.