Legis Daily

Fair Hiring in Banking Act

USA117th CongressS-5025| Senate 
| Updated: 9/29/2022
Joe Manchin

Joe Manchin

Independent Senator

West Virginia

Cosponsors (3)
Thomas Tillis (Republican)Christopher A. Coons (Democratic)Chris Van Hollen (Democratic)

Banking, Housing, and Urban Affairs Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
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.
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Timeline

Bill from Previous Congress

S 116-3441
Fair Hiring in Banking Act
May 12, 2022

Latest Companion Bill Action

HR 117-5911
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Sep 29, 2022
Introduced in Senate
Sep 29, 2022
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
  • Bill from Previous Congress

    S 116-3441
    Fair Hiring in Banking Act


  • May 12, 2022

    Latest Companion Bill Action

    HR 117-5911
    Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.


  • September 29, 2022
    Introduced in Senate


  • September 29, 2022
    Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Finance and Financial Sector

Fair Hiring in Banking Act

USA117th CongressS-5025| Senate 
| Updated: 9/29/2022
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.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline

Bill from Previous Congress

S 116-3441
Fair Hiring in Banking Act
May 12, 2022

Latest Companion Bill Action

HR 117-5911
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Sep 29, 2022
Introduced in Senate
Sep 29, 2022
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
  • Bill from Previous Congress

    S 116-3441
    Fair Hiring in Banking Act


  • May 12, 2022

    Latest Companion Bill Action

    HR 117-5911
    Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.


  • September 29, 2022
    Introduced in Senate


  • September 29, 2022
    Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Joe Manchin

Joe Manchin

Independent Senator

West Virginia

Cosponsors (3)
Thomas Tillis (Republican)Christopher A. Coons (Democratic)Chris Van Hollen (Democratic)

Banking, Housing, and Urban Affairs Committee

Finance and Financial Sector

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted