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House passes Fair Hiring in Banking Act
The House Wednesday passed H.R. 5911, the Fair Hiring in Banking Act, by a 329-88 vote. The bill, originally introduced by Senator Joe Manchin, D-W.Va. 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-Calif., in response to the bill.
“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," commented Rep. French Hill, R-AR.
“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.”
NAFCU has expressed support for this bill, sharing comments with the committee during a markup last year, stating the legislation would reduce barriers to employment due to past minor offenses. A similar effort to reduce employment barriers within the banking industry has been previously initiated by the NCUA under the leadership of chairmen from both parties.
NAFCU will continue to work with Congressional leaders to create an equal and level playing field for those seeking employment in the banking industry.