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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Timeline
Introduced in Senate
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Introduced in Senate
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Finance and Financial Sector
Fair Hiring in Banking Act
USA116th CongressS-3441| Senate
| Updated: 3/11/2020
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.