Fair Hiring in Banking Act

Bill: 117-hr-5911
Sponsor: Rep. Beatty, Joyce [D-OH-3]
Introduced: 2021-11-09 in the House
Policy area: Finance and Financial Sector
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
Government information and archives

Summary:
action_date: 2021-11-09
text: 

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 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. 

action_date: 2022-05-10
text: 

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. 

action_date: 2022-05-11
text: 

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. 


Legislative actions:
action_date: 2022-05-12
text: Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
action_date: 2022-05-11
text: Motion to reconsider laid on the table Agreed to without objection.
action_date: 2022-05-11
text: On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 329 - 88 (Roll no. 156). (text: 05/10/2022 CR H4741-4743)
action_date: 2022-05-11
text: Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 329 - 88 (Roll no. 156).
action_date: 2022-05-11
text: Considered as unfinished business. (consideration: CR H4835-4836)
action_date: 2022-05-10
text: At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.
action_date: 2022-05-10
text: DEBATE - The House proceeded with forty minutes of debate on H.R. 5911.
action_date: 2022-05-10
text: Considered under suspension of the rules. (consideration: CR H4741-4744)
action_date: 2022-05-10
text: Mr. Garcia (IL) moved to suspend the rules and pass the bill, as amended.
action_date: 2022-05-10
text: Placed on the Union Calendar, Calendar No. 234.
action_date: 2022-05-10
text: Reported (Amended) by the Committee on Financial Services. H. Rept. 117-314.
action_date: 2022-05-10
text: Reported (Amended) by the Committee on Financial Services. H. Rept. 117-314.
action_date: 2021-11-16
text: Ordered to be Reported in the Nature of a Substitute (Amended) by Voice Vote.
action_date: 2021-11-16
text: Committee Consideration and Mark-up Session Held.
action_date: 2021-11-09
text: Referred to the House Committee on Financial Services.
action_date: 2021-11-09
text: Introduced in House
action_date: 2021-11-09
text: Introduced in House