PlainBillCongress, translated.Legislation. Context. Public interest.Read twice and referred to the Committee on Banking.
Congressional Research Service
Version 00 · Introduced in Senate · Mar 15, 1995
State Bank Representation Act - Amends the Federal Deposit Insurance Act to increase the membership of the Board of Directors of the Federal Deposit Insurance Corporation (FDIC) from five to six members. Requires one member of the Board, who shall be appointed by the President, to be a State bank commissioner. Requires each member of the Board appointed by the President (currently, all appointed members) to serve for a term of six years. Requires each State bank commissioner appointed to the Board to serve for a single term of two years. Prohibits the President, in filling the vacancy of a State bank commissioner on the Board, from appointing an individual who: (1) has previously served as a member of the Board; or (2) is serving as the State bank commissioner of the same State as the member who is being replaced. Requires the State bank commissioners serving on the Board to: (1) serve without compensation; and (2) be allowed travel expenses while in the performance of services for the Board.
People & committees
Sen. Gramm, Phil [R-TX] · R–TX
Legislative record
A procedural vote is different from passage. Passage in one chamber does not establish enactment. Explore the glossary.
Read twice and referred to the Committee on Banking.
Sponsor introductory remarks on measure. (CR S3968)
Introduced in Senate
Primary sources
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Source last updated: Aug 21, 2025. Consult Congress.gov for the current record.
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