This bill amends the Federal Deposit Insurance Act to revise the membership requirements for the Federal Deposit Insurance Corporation (FDIC) Board of Directors. It mandates that four appointed members must include individuals with specific expertise, such as state bank supervisory experience and primary experience with depository institutions having less than $10 billion in total assets . Furthermore, the Director of the Bureau of Consumer Financial Protection will now serve as a non-voting observer to the Board, rather than a voting member. To promote accountability and regular leadership rotation, the legislation establishes new term limits for FDIC Board members. No individual may be appointed for more than two terms , and no person shall serve as a member for more than twelve years in total . These provisions aim to ensure a diverse and experienced board while preventing excessively long tenures.