A bill to amend the Federal Deposit Insurance Act to provide exceptions to the prohibition on participation by individuals convicted of certain offenses, and for other purposes.
About This Bill
Committee
Latest Action · March 11, 2020
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Fair Hiring in Banking Act
This bill exempts certain individuals convicted of a crime from specified requirements related to employment by an insured depository institution. Specifically, written consent from the Federal Deposit Insurance Corporation 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.
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