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Fair Hiring in Banking Act

2/8/2022, 11:23 PM

Congressional Summary of S 3441

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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Current Status of Bill S 3441

Bill S 3441 is currently in the status of Bill Introduced since March 11, 2020. Bill S 3441 was introduced during Congress 116 and was introduced to the Senate on March 11, 2020.  Bill S 3441's most recent activity was Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. as of March 11, 2020

Bipartisan Support of Bill S 3441

Total Number of Sponsors
1
Democrat Sponsors
1
Republican Sponsors
0
Unaffiliated Sponsors
0
Total Number of Cosponsors
4
Democrat Cosponsors
2
Republican Cosponsors
2
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill S 3441

Primary Policy Focus

Finance and Financial Sector

Alternate Title(s) of Bill S 3441

Fair Hiring in Banking Act
Fair Hiring in Banking Act
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.

Comments

Sponsors and Cosponsors of S 3441

Doug Jones
Doug Jones
AlabamaDemocrat
Thom Tillis
Thom Tillis
North CarolinaRepublican
Joe Manchin III
Joe Manchin III
West VirginiaDemocrat
Christopher A. Coons
Christopher A. Coons
DelawareDemocrat
John Cornyn
John Cornyn
TexasRepublican

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