The FDI Act requires that one of the positions on the FDIC Board be held by someone with “State bank supervisory experience.” State regulators oversee both banks and fintech firms, giving them firsthand insight into emerging technologies and their impact on consumers and the financial system. Furthermore, their local accountability ensures a deep understanding of how regulation affects small businesses, rural communities, and consumers – knowledge that complements federal oversight and strengthens the financial system at large. Meeting this statutory requirement with a qualified state regulator will strengthen state-federal collaboration, promote stability and innovation, and instill further confidence in our financial system.