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Bill117th CongressFiled Nov 9, 2021Finance and Financial Sector
H.R. 5911

Fair Hiring in Banking Act

Bill journey · stage 2 of 5

Under committee review

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Law

What it doesSummary passed house (May 11, 2022)

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.

What just happenedMay 12, 2022

Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Who’s behind it

Rep. Beatty, Joyce [D-OH-3](D-OH)Sponsor
2 cosponsors1 D1 R
Read on Congress.gov
2cosponsors2committees17actions1related bills9subjects
  1. May 12, 2022IntroReferral

    Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

    Banking, Housing, and Urban Affairs Committee
  2. May 11, 2022FloorH38310

    Motion to reconsider laid on the table Agreed to without objection.

  3. May 11, 2022FloorH37300

    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)

  4. May 11, 2022Floor8000

    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).

  5. May 11, 2022FloorH30000

    Considered as unfinished business. (consideration: CR H4835-4836)

  6. May 10, 2022FloorH37220

    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.

  7. May 10, 2022FloorH8D000

    DEBATE - The House proceeded with forty minutes of debate on H.R. 5911.

  8. May 10, 2022FloorH30000

    Considered under suspension of the rules. (consideration: CR H4741-4744)

  9. May 10, 2022FloorH30300

    Mr. Garcia (IL) moved to suspend the rules and pass the bill, as amended.

  10. May 10, 2022CalendarsH12410

    Placed on the Union Calendar, Calendar No. 234.

  11. May 10, 2022CommitteeH12200

    Reported (Amended) by the Committee on Financial Services. H. Rept. 117-314.

    Financial Services Committee
  12. May 10, 2022Committee5000

    Reported (Amended) by the Committee on Financial Services. H. Rept. 117-314.

    Financial Services Committee
  13. Nov 16, 2021Committee

    Ordered to be Reported in the Nature of a Substitute (Amended) by Voice Vote.

    Financial Services Committee
  14. Nov 16, 2021Committee

    Committee Consideration and Mark-up Session Held.

    Financial Services Committee
  15. Nov 9, 2021IntroReferralH11100

    Referred to the House Committee on Financial Services.

    Financial Services Committee
  16. Nov 9, 2021IntroReferralIntro-H

    Introduced in House

  17. Nov 9, 2021IntroReferral1000

    Introduced in House

Passed HouseMay 11, 202253

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.

Reported to HouseMay 10, 20227

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.

Introduced in HouseNov 9, 2021

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.

Fair Hiring in Banking Act — Informed