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United States · Bill · S

S. 5025 (117th)

Fair Hiring in Banking Act

referredUnited States· United States Congress· EN

Introduced

29 September 2022

Last action

29 September 2022 · Introduced

Status

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Sponsors

Sen. Manchin, Joe, III [D-WV], Sen. Tillis, Thomas [R-NC], Sen. Van Hollen, Chris [D-MD], Sen. Coons, Christopher A. [D-DE]

Subjects

Discovery layer

Source updated

14 January 2025

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Summary

Fair Hiring in Banking Act This bill generally exempts certain individuals convicted of a crime from requirements related to employment by an insured depository institution or an insured credit union. Specifically, written consent from the Federal Deposit Insurance Corporation or the National Credit Union Administration is not required for an institution to hire an individual convicted of a criminal offense involving dishonesty, a breach of trust, or money laundering 7 years after the individual meets sentencing requirements; for an individual who committed the offense while under the age of 21, 30 months after the individual meets sentencing requirements; or if the conviction was pardoned, sealed, or expunged. However, written consent is required for specified financial crimes (including theft by a bank employee) or for any person seeking to become a director or senior executive officer.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 29 September 2022

    Introduced

    Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

    Source: IntroReferral

  2. 29 September 2022

    Introduced

    Introduced in Senate

    Source: IntroReferral

Votes

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Versions

Documents

3 official files

Introduced in Senate (text)

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  • Introduced in Senate (text)

    Introduced in Senate · EN · 29 September 2022

    ViewDownloadOpen at official source

  • Introduced in Senate (PDF)

    Introduced in Senate · EN · 29 September 2022

    ViewDownloadOpen at official source

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  • Introduced in Senate

    summary · EN · 29 September 2022

    Open at official source

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Sponsors

Related records

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Sources

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