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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.
Read the Full Bill
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
1Democrat Sponsors
1Republican Sponsors
0Unaffiliated Sponsors
0Total Number of Cosponsors
4Democrat Cosponsors
2Republican Cosponsors
2Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill S 3441
Primary Policy Focus
Finance and Financial SectorAlternate 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
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