HR 3976 · 104th Congress · Finance and Financial Sector

Financial Regulator Independence Protection Act

Introduced 1996-08-02· Sponsored by Rep. Bachus, Spencer [R-AL-6]· House

Bill Progress

Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the Subcommittee on Financial Institutions and Consumer Credit.(1996-08-07)

Plain Language Summary

[AI summary unavailable — showing source text] Financial Regulator Independence Protection Act - Amends the Federal Credit Union Act and the Federal Deposit Insurance Act with respect to the terms of office of the National Credit Union Administration Board and the Board of Directors of the Federal Deposit Insurance Corporation (FDIC), respectively, to provide that each member shall: (1) serve a six-year term of office unless removed for cause by the President; and (2) continue to serve after the term expiration date until a successor is appointed and has qualified.…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (3)

3 Republicans