Fair Hiring in Banking Act
Official title: A bill to amend the Federal Deposit Insurance Act and the Federal Credit Union Act to provide exceptions to the prohibition on participation by individuals con… Show full official titleShow less
Official title: A bill to amend the Federal Deposit Insurance Act and the Federal Credit Union Act to provide exceptions to the prohibition on participation by individuals convicted of certain offenses, and for other purposes.
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Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Fair Hiring in Banking Act
This bill generally exempts certain individuals convicted of a crime from requirements related to employment by an insured depository institution or an insured credit union. Specifically, written consent from the Federal Deposit Insurance Corporation or the National Credit Union Administration 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.
However, written consent is required for specified financial crimes (including theft by a bank employee) or for any person seeking to become a director or senior executive officer.
- Introduced in Senate Formatted Text PDF Formatted XML
Cite this page
U.S. Congress. (2026). S. 5025: Fair Hiring in Banking Act. 117th Congress. Open America. https://openamerica.io/bill/117-S-5025/
"S. 5025: Fair Hiring in Banking Act." 117th Congress, 2026, Open America, https://openamerica.io/bill/117-S-5025/.
S. 5025, 117th Cong. (2026), https://openamerica.io/bill/117-S-5025/.
[S. 5025: Fair Hiring in Banking Act](https://openamerica.io/bill/117-S-5025/)