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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.
Written by the nonpartisan Congressional Research Service, describing H.R. 5911 as passed House on May 11, 2022. It is not the text of the measure; a later amendment may have changed what it does.
House May 11, 2022
Fair Hiring in Banking Act
Passed · Two-thirds required
329 Yea 88 Nay 11 not voting
Crossed both parties 88 of 417 voting members broke with their own party: 88 Republicans.
DemocratsRepublicansFilled: YeaRing: NayGrey: not voting or present
428 members on this roll call, from the official House record. Party majorities need at least five voting members, so an independent never counts as breaking with a party.
Signing on is not a vote: a member can cosponsor H.R. 5911 and vote against it. 1 signed when it was filed.
Organizations that named H.R. 5911 in a lobbying disclosure. Only those that cited the bill by number appear, so this is a floor, not a full list.
20 disclosures name this measure. Retrieved from LDA.gov on 2026-10-04. Senate Office of Public Records cannot vouch for the data or analyses derived from these data after the data have been retrieved from LDA.gov.