The FDIC Board Accountability Act aims to change the rules regarding who can serve on the Board of Directors of the Federal Deposit Insurance Corporation (FDIC). The main goal is to ensure that the board has diverse expertise, particularly in banking and consumer finance, while also promoting accountability in its leadership. One of the key changes this act proposes is to revise the membership requirements for the board. It specifies that the President will appoint four members from among U.S.