H. R. 7776—1017 
(B) the date that is 30 days after the date on which 
the President reports to Congress that the Government 
of the Russian Federation has ceased its destabilizing 
activities with respect to the sovereignty and territorial 
integrity of Ukraine. 
SEC. 5704. ISOLATE RUSSIAN GOVERNMENT OFFICIALS ACT OF 2022. 
(a) STATEMENT OF POLICY.—It is the policy of the United States 
to seek to exclude government officials of the Russian Federation, 
to the maximum extent practicable, from participation in meetings, 
proceedings, and other activities of the following organizations: 
(1) Group of 20. 
(2) Bank for International Settlements. 
(3) Basel Committee for Banking Standards. 
(4) Financial Stability Board. 
(5) International Association of Insurance Supervisors. 
(6) International Organization of Securities Commissions. 
(b) IMPLEMENTATION.—The Secretary of the Treasury, the 
Board of Governors of the Federal Reserve System, and the Securi-
ties and Exchange Commission, as the case may be, shall take 
all necessary steps to advance the policy set forth in subsection 
(a). 
(c) TERMINATION.—This section shall have no force or effect 
on the earlier of— 
(1) the date that is 5 years after the date of the enactment 
of this Act; or 
(2) the date that is 30 days after the date on which the 
President reports to Congress that the Government of the Rus-
sian Federation has ceased its destabilizing activities with 
respect to the sovereignty and territorial integrity of Ukraine. 
(d) WAIVER.—The President may waive the application of this 
section if the President reports to the Congress that the waiver 
is in the national interest of the United States and includes an 
explanation of the reasons therefor. 
SEC. 5705. FAIR HIRING IN BANKING. 
(a) FEDERAL DEPOSIT INSURANCE ACT.—Section 19 of the Fed-
eral Deposit Insurance Act (12 U.S.C. 1829) is amended— 
(1) by inserting after subsection (b) the following: 
‘‘(c) EXCEPTIONS.— 
‘‘(1) CERTAIN OLDER OFFENSES.— 
‘‘(A) IN GENERAL.—With respect to an individual, sub-
section (a) shall not apply to an offense if— 
‘‘(i) it has been 7 years or more since the offense 
occurred; or 
‘‘(ii) the individual was incarcerated with respect 
to the offense and it has been 5 years or more since 
the individual was released from incarceration. 
‘‘(B) OFFENSES
COMMITTED
BY
INDIVIDUALS
OR 
YOUNGER.—For individuals who committed an offense when 
they were 21 years of age or younger, subsection (a) shall 
not apply to the offense if it has been more than 30 months 
since the sentencing occurred. 
‘‘(C) LIMITATION.—This paragraph shall not apply to 
an offense described under subsection (a)(2). 
‘‘(2) EXPUNGEMENT AND SEALING.—With respect to an indi-
vidual, subsection (a) shall not apply to an offense if—
H. R. 7776—1018 
‘‘(A) there is an order of expungement, sealing, or 
dismissal that has been issued in regard to the conviction 
in connection with such offense; and 
‘‘(B) it is intended by the language in the order itself, 
or in the legislative provisions under which the order was 
issued, that the conviction shall be destroyed or sealed 
from the individual’s State, Tribal, or Federal record, even 
if exceptions allow the record to be considered for certain 
character and fitness evaluation purposes. 
‘‘(3) DE MINIMIS EXEMPTION.— 
‘‘(A) IN GENERAL.—Subsection (a) shall not apply to 
such de minimis offenses as the Corporation determines, 
by rule. 
‘‘(B) CONFINEMENT CRITERIA.—In issuing rules under 
subparagraph (A), the Corporation shall include a require-
ment that the offense was punishable by a term of three 
years or less confined in a correctional facility, where such 
confinement— 
‘‘(i) is calculated based on the time an individual 
spent incarcerated as a punishment or a sanction, not 
as pretrial detention; and 
‘‘(ii) does not include probation or parole where 
an individual was restricted to a particular jurisdiction 
or was required to report occasionally to an individual 
or a specific location. 
‘‘(C) BAD CHECK CRITERIA.—In setting the criteria for 
de minimis offenses under subparagraph (A), if the Cor-
poration establishes criteria with respect to insufficient 
funds checks, the Corporation shall require that the aggre-
gate total face value of all insufficient funds checks across 
all convictions or program entries related to insufficient 
funds checks is $2,000 or less. 
‘‘(D) DESIGNATED
LESSER
OFFENSES.—Subsection (a) 
shall not apply to certain lesser offenses (including the 
use of a fake ID, shoplifting, trespass, fare evasion, driving 
with an expired license or tag, and such other low-risk 
offenses as the Corporation may designate) if 1 year or 
more has passed since the applicable conviction or program 
entry.’’; and 
(2) by adding at the end the following: 
‘‘(f) CONSENT APPLICATIONS.— 
‘‘(1) IN GENERAL.—The Corporation shall accept consent 
applications from an individual and from an insured depository 
institution or depository institution holding company on behalf 
of an individual that are filed separately or contemporaneously 
with a regional office of the Corporation. 
‘‘(2) SPONSORED
APPLICATIONS
FILED
WITH
REGIONAL 
OFFICES.—Consent applications filed at a regional office of the 
Corporation by an insured depository institution or depository 
institution holding company on behalf of an individual— 
‘‘(A) shall be reviewed by such office; 
‘‘(B) may be approved or denied by such office, if such 
authority has been delegated to such office by the Corpora-
tion; and 
‘‘(C) may only be denied by such office if the general 
counsel of the Corporation (or a designee) certifies that 
the denial is consistent with this section.
H. R. 7776—1019 
‘‘(3) INDIVIDUAL
APPLICATIONS
FILED
WITH
REGIONAL 
OFFICES.—Consent applications filed at a regional office by 
an individual— 
‘‘(A) shall be reviewed by such office; and 
‘‘(B) may be approved or denied by such office, if such 
authority has been delegated to such office by the Corpora-
tion, except with respect to— 
‘‘(i) cases involving an offense described under sub-
section (a)(2); and 
‘‘(ii) such other high-level security cases as may 
be designated by the Corporation. 
‘‘(4) NATIONAL OFFICE REVIEW.—The national office of the 
Corporation shall— 
‘‘(A) review any consent application with respect to 
which a regional office is not authorized to approve or 
deny the application; and 
‘‘(B) review any consent application that is denied by 
a regional office, if the individual requests a review by 
the national office. 
‘‘(5) FORMS AND INSTRUCTIONS.— 
‘‘(A) AVAILABILITY.—The Corporation shall make all 
forms and instructions related to consent applications avail-
able to the public, including on the website of the Corpora-
tion. 
‘‘(B) CONTENTS.—The forms and instructions described 
under subparagraph (A) shall provide a sample cover letter 
and a comprehensive list of items that may accompany 
the application, including clear guidance on evidence that 
may support a finding of rehabilitation. 
‘‘(6) CONSIDERATION OF CRIMINAL HISTORY.— 
‘‘(A) REGIONAL OFFICE CONSIDERATION.—In reviewing 
a consent application, a regional office shall— 
‘‘(i) primarily rely on the criminal history record 
of the Federal Bureau of Investigation; and 
‘‘(ii) provide such record to the applicant to review 
for accuracy. 
‘‘(B) CERTIFIED
COPIES.—The Corporation may not 
require an applicant to provide certified copies of criminal 
history records unless the Corporation determines that 
there is a clear and compelling justification to require 
additional information to verify the accuracy of the criminal 
history record of the Federal Bureau of Investigation. 
‘‘(7) CONSIDERATION OF REHABILITATION.—Consistent with 
title VII of the Civil Rights Act of 1964 (42 U.S.C. 2000e 
et seq.), the Corporation shall— 
‘‘(A) conduct an individualized assessment when evalu-
ating consent applications that takes into account evidence 
of rehabilitation, the applicant’s age at the time of the 
conviction or program entry, the time that has elapsed 
since conviction or program entry, and the relationship 
of individual’s offense to the responsibilities of the 
applicable position; 
‘‘(B) consider the individual’s employment history, let-
ters of recommendation, certificates documenting participa-
tion in substance abuse programs, successful participating 
in job preparation and educational programs, and other 
relevant mitigating evidence; and
H. R. 7776—1020 
‘‘(C) consider any additional information the Corpora-
tion determines necessary for safety and soundness. 
‘‘(8) SCOPE OF EMPLOYMENT.—With respect to an approved 
consent application filed by an insured depository institution 
or depository institution holding company on behalf of an indi-
vidual, if the Corporation determines it appropriate, such 
approved consent application shall allow the individual to work 
for the same employer (without restrictions on the location) 
and across positions, except that the prior consent of the Cor-
poration (which may require a new application) shall be 
required for any proposed significant changes in the individual’s 
security-related duties or responsibilities, such as promotion 
to an officer or other positions that the employer determines 
will require higher security screening credentials. 
‘‘(9) COORDINATION WITH THE NCUA.—In carrying out this 
section, the Corporation shall consult and coordinate with the 
National Credit Union Administration as needed to promote 
consistent implementation where appropriate. 
‘‘(g) DEFINITIONS.—In this section: 
‘‘(1) CONSENT APPLICATION.—The term ‘consent application’ 
means an application filed with Corporation by an individual 
(or by an insured depository institution or depository institution 
holding company on behalf of an individual) seeking the written 
consent of the Corporation under subsection (a)(1). 
‘‘(2) CRIMINAL OFFENSE INVOLVING DISHONESTY.—The term 
‘criminal offense involving dishonesty’— 
‘‘(A) means an offense under which an individual, 
directly or indirectly— 
‘‘(i) cheats or defrauds; or 
‘‘(ii) wrongfully takes property belonging to another 
in violation of a criminal statute; 
‘‘(B) includes an offense that Federal, State, or local 
law defines as dishonest, or for which dishonesty is an 
element of the offense; and 
‘‘(C) does not include— 
‘‘(i) a misdemeanor criminal offense committed 
more than one year before the date on which an indi-
vidual files a consent application, excluding any period 
of incarceration; or 
‘‘(ii) an offense involving the possession of con-
trolled substances. 
‘‘(3) PRETRIAL DIVERSION OR SIMILAR PROGRAM.—The term 
‘pretrial diversion or similar program’ means a program 
characterized by a suspension or eventual dismissal or reversal 
of charges or criminal prosecution upon agreement by the 
accused to restitution, drug or alcohol rehabilitation, anger 
management, or community service.’’. 
(b) FEDERAL CREDIT UNION ACT.—Section 205(d) of the Federal 
Credit Union Act (12 U.S.C. 1785(d)) is amended by adding at 
the end the following: 
‘‘(4) EXCEPTIONS.— 
‘‘(A) CERTAIN OLDER OFFENSES.— 
‘‘(i) IN GENERAL.—With respect to an individual, 
paragraph (1) shall not apply to an offense if— 
‘‘(I) it has been 7 years or more since the 
offense occurred; or