The FDIC Board Accountability Act aims to increase transparency and accountability within the Federal Deposit Insurance Corporation (FDIC) by requiring the FDIC to provide more detailed justifications for certain regulatory actions. The bill mandates that the FDIC must publicly disclose its cost-benefit analysis when proposing new regulations or guidance. It also requires the FDIC to report on how its regulations impact insured depository institutions, especially smaller banks. This legislation seeks to enhance oversight and understanding of the FDIC's regulatory decisions and their effects on financial institutions.
2023-03-07: Introduced in House
2023-03-07: Referred to the House Committee on Financial Services.
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