WASHINGTON—The House has passed H.R. 5911, the Fair Hiring in Banking Act, by a 329-88 vote. The legislation is supported by both CUNA and NAFCU.
The bill, originally introduced by Senator Joe Manchin ( D-WV) and led in the House by Rep. Joyce Beatty (D-OH), would replace a lifetime ban for those with disqualifying convictions to work in the banking sector and create an exception for criminal acts committed before the age of 21.
“For far too long, American citizens, especially people of color, who have paid their debt to society have continued to face unnecessary barriers to employment within the financial services industry," said Rep. Sylvia Garcia (D-CA).
“This bill is an important step towards continuing to expand employment opportunities for all Americans. Including ex-offenders. This bill is bipartisan. In fact, this bill codifies rules promulgated under the previous administration," added Rep. French Hill (R-AZ).
NAFCU Response
“The House passage of the Fair Hiring in Banking Act marks a significant step forward for this legislation which would reduce the obstacles for Americans, especially those who have paid their debt for minor offenses, from working in the banking industry,” stated NAFCU President and CEO Dan Berger. “NAFCU applauds the House for this truly bipartisan bill which will create numerous job opportunities, especially during this shifting economic landscape. We continue to work with Congress to get this bill enacted into law.”
CUNA Response
“CUNA fully supports reducing barriers to recruiting employees and retaining talent., This legislation would expand employment opportunities and provide a second chance to individuals looking to move past their minor criminal offenses,” said CUNA President/CEO Jim Nussle. “We thank Rep. Beatty for her leadership on this issue.”
CUNA noted it previously supported similar legislation, as well as then-NCUA Chairman Rodney Hood’s “second chance” interpretive rule and policy statement, which updated and revised statutory prohibitions on individuals convicted of certain criminal offenses or who entered into a pretrial diversion or similar program in connection with a prosecution for such an offense.
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