Legis Daily

Fair Hiring in Banking Act

USA116th CongressS-3441| Senate 
| Updated: 3/11/2020
Doug Jones

Doug Jones

Democratic Senator

Alabama

Cosponsors (4)
Thomas Tillis (Republican)Christopher A. Coons (Democratic)Joe Manchin (Independent)John Cornyn (Republican)

Banking, Housing, and Urban Affairs Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
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.
View Full Text

Suggested Questions

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

Timeline
Mar 11, 2020
Introduced in Senate
Mar 11, 2020
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
  • March 11, 2020
    Introduced in Senate


  • March 11, 2020
    Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Finance and Financial Sector

Fair Hiring in Banking Act

USA116th CongressS-3441| Senate 
| Updated: 3/11/2020
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.
View Full Text

Suggested Questions

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

Timeline
Mar 11, 2020
Introduced in Senate
Mar 11, 2020
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
  • March 11, 2020
    Introduced in Senate


  • March 11, 2020
    Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Doug Jones

Doug Jones

Democratic Senator

Alabama

Cosponsors (4)
Thomas Tillis (Republican)Christopher A. Coons (Democratic)Joe Manchin (Independent)John Cornyn (Republican)

Banking, Housing, and Urban Affairs Committee

Finance and Financial Sector

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