Open Eye

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117th Congress · House

Fair Hiring in Banking Act

Subjects: Administrative law and regulatory procedures · Banking and financial institutions regulation · Congressional oversight · Correctional facilities and imprisonment · Criminal justice information and records · Criminal procedure and sentencing · Employee hiring · Fraud offenses and financial crimes

In plain language

  • House bill in the 117th Congress.
  • Creates exceptions to the restriction on hiring persons convicted of certain criminal offenses involving dishonesty or a breach.
  • House passed it on May 11, 2022 (substantive).
Official summary (Congressional Research Service)

Fair Hiring in Banking Act This bill creates exceptions to the restriction on hiring persons convicted of certain criminal offenses involving dishonesty or a breach of trust to a position with an insured depository institution or an insured credit union. Currently, a waiver must be obtained from the Federal Deposit Insurance Corporation or the National Credit Union Administration to allow the employment of such a person. Specifically, a waiver is not needed if it has been 7 years or more since the offense occurred or if the individual was incarcerated with respect to the offense and it has been 5 years or more since the individual was released from incarceration. The need for a waiver also does not apply to conduct committed before age 21 and if it has been at least 30 months since the sentencing. Individuals with a criminal record that is expunged, sealed, or pardoned are also exempt from waiver requirements.

View this measure on congress.gov

Roll-call votes on this measure