Summary: S.3441 — 116th Congress (2019-2020)All Information (Except Text)

There is one summary for S.3441. Bill summaries are authored by CRS.

Shown Here:
Introduced in Senate (03/11/2020)

Fair Hiring in Banking Act

This bill exempts certain individuals convicted of a crime from specified requirements related to employment by an insured depository institution. Specifically, written consent from the Federal Deposit Insurance Corporation 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.