H.R. 3915 — Introduced in House

I 115th CONGRESS 1st Session H. R. 3915 IN THE HOUSE OF REPRESENTATIVES October 3, 2017Mr. Lucas (for himself and Mr. Heck) introduced the following bill; which was referred to the Committee on Financial Services A BILL To clarify membership requirements for the Board of Directors of the Federal Deposit Insurance Corporation. 1. Short title This Act may be cited as the State Regulatory Representation Clarification Act of 2017. 2. Purposes The purposes of this Act are— (1) to reaffirm the importance of having the perspective of State banking regulators on the Board of Directors of the Federal Deposit Insurance Corporation; and (2) to ensure that the Board of Directors of the Federal Deposit Insurance Corporation includes a member who has served as a State banking supervisor. 3. State banking supervisor experience on Board of Directors of the Federal Deposit Insurance Corporation Section 2(a)(1)(C) of the Federal Deposit Insurance Act (12 U.S.C. 1812(a)(1)(C)) is amended by striking State bank supervisory experience and inserting served as a State bank supervisor, as defined in section 3(r)(1). 4. Rule of construction Nothing in this Act may be construed as affecting the appointment or reappointment of an individual who was a member of the Board of Directors of the Federal Deposit Insurance Corporation as of January 1, 2017.