This resolution calls for the immediate removal of Martin J. Gruenberg from his position as Chairman of the Federal Deposit Insurance Corporation (FDIC). The resolution, introduced by Republican members of Congress on November 15, 2024, alleges that Gruenberg created a toxic workplace environment, mistreated staff, and contributed to staffing shortages and retirements that harmed the agency's ability to supervise banks effectively. According to the resolution, these failures in workplace management and staff treatment jeopardized the stability of the U.S. financial system and prevented necessary collaboration to address institutional problems. The resolution does not involve any funding or implementation timeline, as it is a non-binding measure expressing the sense of the House that Gruenberg should be removed from his leadership role.
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