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H.R. 5097

BillFederalHouseIn Committee
Close the Bank Examiner Revolving Door Act
About This Bill
Committee
Latest Action · October 7, 2004
Referred to the Subcommittee on Financial Institutions and Consumer Credit.
Congress
108th (2003–2005)
Introduced
September 15, 2004
Cosponsors (1)
0D 1R
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Summary

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Close the Bank Examiner Revolving Door Act - Amends the Federal Deposit Insurance Act to prohibit certain former Federal bank examiners and other banking supervisory personnel from holding office, position, or employment at a depository institution during the one-year period following cessation of their Federal service. Mandates forfeiture of Federal retirement and other benefits for violations of this Act. Requires the head of any Federal banking agency to report such a violation to the Director of the Office of Personnel Management.

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