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Call for FDIC Chairman's Removal: Financial Stability and Workplace Environment

The House of Representatives is calling for the immediate removal of Federal Deposit Insurance Corporation (FDIC) Chairman Martin J. Gruenberg. The reasons cited include allegations of a toxic workplace environment, mistreatment of staff, and the impact of these issues on the agency's ability to supervise banks, potentially contributing to financial institution failures. The aim is to ensure the safety and stability of the financial system, which directly affects citizens' savings.
Key points
Resolution calls for the immediate removal of the FDIC Chairman due to allegations of mismanagement and a toxic workplace.
Workplace issues within the agency may have weakened bank supervision, impacting deposit safety and national financial stability.
The change in leadership aims to improve agency operations and protect the financial system, crucial for citizens' financial security.
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Expired
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Additional Information
Print number: 118_HRES_1574
Sponsor: Rep. Huizenga, Bill [R-MI-4]
Process start date: 2024-11-15
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Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Calling for the removal of Federal Deposit Insurance Corporation Chairman Martin J. Gruenberg from his position, effective immediately.

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HRES_1574.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2024-11-15.

What are the main provisions?

Key points include:

  • Resolution calls for the immediate removal of the FDIC Chairman due to allegations of mismanagement and a toxic workplace.
  • Workplace issues within the agency may have weakened bank supervision, impacting deposit safety and national financial stability.
  • The change in leadership aims to improve agency operations and protect the financial system, crucial for citizens' financial security.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Huizenga, Bill [R-MI-4].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Financial Services.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-24.

CATEGORIES

Economy Courts and Law