Calling for the removal of Federal Deposit Insurance Corporation Chairman Martin J. Gruenberg from his position, effective immediately.

Hozzl · 2024-11-18T16:16:49Z

Explore the details of House Bill 1574 Calling for the removal of Federal Deposit Insurance Corporation Chairman Martin J. Gruenberg from his position, effective immediately. currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Finance and Financial Sector. Stay informed on legislative developments.

11/18/2024, 4:16 PM

Summary of Bill HRES 1574

Bill 118 H.Res. 1574 is a piece of legislation introduced in the US Congress that calls for the immediate removal of Federal Deposit Insurance Corporation (FDIC) Chairman Martin J. Gruenberg from his position. The bill argues that Gruenberg has failed to effectively carry out his duties and responsibilities as chairman of the FDIC, which is responsible for insuring deposits in banks and thrift institutions.

The bill highlights concerns about Gruenberg's leadership and decision-making, citing instances where the FDIC has been slow to respond to financial crises and has not adequately protected the interests of depositors. Supporters of the bill argue that Gruenberg's removal is necessary to restore confidence in the FDIC and ensure the stability of the banking system.

Opponents of the bill, however, argue that Gruenberg has been an effective leader and that his removal would disrupt the operations of the FDIC. They point to Gruenberg's experience and expertise in financial regulation as reasons to retain him as chairman. Overall, Bill 118 H.Res. 1574 is a contentious piece of legislation that raises important questions about leadership and accountability within the FDIC. The outcome of the bill remains uncertain as it continues to be debated and discussed in Congress.

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Current Status of Bill HRES 1574

Bill HRES 1574 is currently in the status of Bill Introduced since November 15, 2024. Bill HRES 1574 was introduced during Congress 118 and was introduced to the House on November 15, 2024. Bill HRES 1574's most recent activity was Referred to the House Committee on Financial Services. as of November 15, 2024

Bipartisan Support of Bill HRES 1574

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill HRES 1574

Primary Policy Focus

Finance and Financial Sector

Alternate Title(s) of Bill HRES 1574

Calling for the removal of Federal Deposit Insurance Corporation Chairman Martin J. Gruenberg from his position, effective immediately.Calling for the removal of Federal Deposit Insurance Corporation Chairman Martin J. Gruenberg from his position, effective immediately.

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