HR 5097 · 108th Congress · Finance and Financial Sector

Close the Bank Examiner Revolving Door Act

Introduced 2004-09-15· Sponsored by Rep. Gutierrez, Luis V. [D-IL-4]· House

Bill Progress

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Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the Subcommittee on Financial Institutions and Consumer Credit.(2004-10-07)

Plain Language Summary

[AI summary unavailable — showing source text] Close the Bank Examiner Revolving Door Act - Amends the Federal Deposit Insurance Act to prohibit certain former Federal bank examiners and other banking supervisory personnel from holding office, position, or employment at a depository institution during the one-year period following cessation of their Federal service. Mandates forfeiture of Federal retirement and other benefits for violations of this Act. Requires the head of any Federal banking agency to report such a violation to the Director of the Office of Personnel Management.…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (1)

1 Republican
Rep. Kelly, Sue W. [R-NY-19]NY