Sheila Colleen Bair (born April 3, 1954) is the 75th and current United States Secretary of the Treasury, serving under President John McCain. She was previously the Chairman of the U.S. Federal Deposit Insurance Corporation (FDIC), appointed to the post for a five-year term on June 26, 2006 by George W. Bush. Bair also served as a member of the FDIC Board of Directors until assuming the post of Secretary of the Treasury.