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[Congressional Bills 118th Congress]
[From the U.S. Government Publishing Office]
[S. Res. 742 Introduced in Senate (IS)]

<DOC>

118th CONGRESS
  2d Session
S. RES. 742

Expressing the sense of the Senate that President Joseph R. Biden must 
dismiss Chairman Martin J. Gruenberg from his employment at the Federal 
                     Deposit Insurance Corporation.

_______________________________________________________________________

                   IN THE SENATE OF THE UNITED STATES

                             June 20, 2024

Ms. Ernst submitted the following resolution; which was referred to the 
            Committee on Banking, Housing, and Urban Affairs

_______________________________________________________________________

                               RESOLUTION

 
Expressing the sense of the Senate that President Joseph R. Biden must 
dismiss Chairman Martin J. Gruenberg from his employment at the Federal 
                     Deposit Insurance Corporation.

Whereas, on November 13, 2023, the Wall Street Journal published an expose 
        entitled ``Strip Clubs, Lewd Photos and a Boozy Hotel: The Toxic 
        Atmosphere at Bank Regulator FDIC'' detailing the extremely toxic, 
        misogynistic, workplace culture rife with sexual harassment and other 
        serious misconduct at the Federal Deposit Insurance Corporation 
        (referred to in this preamble as ``FDIC'');
Whereas, on November 16, 2023, the Wall Street Journal published a second expose 
        entitled ``FDIC Chair, Known for Bad Temper, Ignored Bad Behavior in 
        Workplace'';
Whereas, following the public revelation of this scandal, the FDIC enlisted a 
        third-party fact-finding team to investigate the workplace culture of 
        the FDIC;
Whereas the FDIC published the report of the third-party investigators on May 7, 
        2024;
Whereas the report of the third-party investigators found that, under the 
        leadership of Chairman Martin J. Gruenberg, ``the FDIC has failed to 
        provide a workplace safe from sexual harassment, discrimination, and 
        other interpersonal misconduct'';
Whereas, under the leadership of Chairman Martin J. Gruenberg, FDIC employees 
        fear retaliation and do not trust the FDIC to investigate or address 
        allegations of improper workplace conduct;
Whereas investigators determined not a single FDIC employee faced serious 
        discipline after being found to have engaged in workplace misconduct;
Whereas investigators determined Chairman Martin J. Gruenberg routinely acts 
        with inappropriate anger and antagonism toward his employees;
Whereas reports indicate Chairman Martin J. Gruenberg and his leadership team 
        have been directly involved in high-level examples of sexism, 
        harassment, and discrimination and failed to properly discipline those 
        individuals responsible;
Whereas investigators determined the anger and antagonism of Chairman Martin J. 
        Gruenberg ``may hinder his ability to establish trust and confidence in 
        leading meaningful culture change, and so too may his apparent inability 
        or unwillingness to recognize how others experience certain difficult 
        interactions with him''; and
Whereas investigators determined that for the current challenges plaguing the 
        FDIC to be overcome, there must be a change in leadership: Now, 
        therefore, be it
    Resolved, That the Senate--
            (1) condemns those employees of the Federal Deposit 
        Insurance Corporation (referred to in this resolution as 
        ``FDIC''), known and unknown, who turned the FDIC workplace 
        culture toxic or looked the other way while others did so;
            (2) demands that President Joseph R. Biden dismiss Chairman 
        Martin J. Gruenberg from employment at the FDIC immediately, as 
        he no longer holds the confidence of the Senate or of the 
        people of the United States; and
            (3) calls on those individuals remaining in FDIC leadership 
        positions to take all appropriate steps to investigate all 
        allegations of criminality and impropriety to hold bad actors 
        accountable for their actions.
                                 <all>
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