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Senate Demands Immediate Dismissal of FDIC Chairman Over Toxic Workplace Culture.

The US Senate calls on the President to immediately fire the Chairman of the Federal Deposit Insurance Corporation (FDIC). This action follows an investigation confirming a toxic workplace culture, sexual harassment, and lack of accountability within the key agency that regulates banks and insures deposits. The goal is to restore public confidence in the institution responsible for protecting citizens' savings.
Key points
The Senate demands the removal of the FDIC head to fix the agency responsible for the safety and stability of bank deposits.
An investigation found that FDIC employees fear retaliation and lack trust in the agency to address serious workplace misconduct.
article Official text account_balance Process page
Expired
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Additional Information
Print number: 118_SRES_742
Sponsor: Sen. Ernst, Joni [R-IA]
Process start date: 2024-06-20
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Summarized by: gemini-2.5-flash-preview-09-2025
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

A resolution expressing the sense of the Senate that President Joseph R. Biden must dismiss Chairman Martin J. Gruenberg from his employment at the Federal Deposit Insurance Corporation.

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_SRES_742.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2024-06-20.

What are the main provisions?

Key points include:

  • The Senate demands the removal of the FDIC head to fix the agency responsible for the safety and stability of bank deposits.
  • An investigation found that FDIC employees fear retaliation and lack trust in the agency to address serious workplace misconduct.
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 Sen. Ernst, Joni [R-IA].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-26.

CATEGORIES

Economy Courts and Law