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FDIC RIN: 3064-AF92 Publication ID: Fall 2023 
Title: Proposed Amendments to the FDIC's Section 19 Regulations 
Abstract:

Section 19 of the FDI Act (12 U.S.C. 1829), among other provisions, requires persons with certain covered criminal offenses on their records to obtain prior written consent from the FDIC before participating in the conduct of the affairs of any insured depository institution. On December 23, 2022, the President signed into law the Fair Hiring in Banking Act (Act), which was a part of the James M. Inhofe National Defense Authorization Act for Fiscal Year 2023. The Act significantly revised section 19 and was effective immediately. Accordingly, the FDIC is requesting comments on proposed amendments to its section 19 regulations under 12 CFR part 303, subpart L, due to the Act, particularly regarding areas in which the FDIC is interpreting the text of the Act.

 
Agency: Federal Deposit Insurance Corporation(FDIC)  Priority: Substantive, Nonsignificant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Proposed Rule Stage 
Major: Undetermined  Unfunded Mandates: No 
CFR Citation: 12 CFR 303    12 CFR 308   
Legal Authority: 12 U.S.C. 1829, as amended by Pub. L. 117–263, sec. 5705 (2022)   
Legal Deadline:  None
Timetable:
Action Date FR Cite
NPRM  11/00/2023 
Additional Information: Email: comments@fdic.gov. Please include RIN 3064-AF92 in the subject line of communications. The Act requires the FDIC, "In carrying out [the revisions to Section 19, to] consult and coordinate with the National Credit Union Administration as needed to promote consistent implementation where appropriate." Accordingly, the FDIC will consult and coordinate with NCUA staff--as well as staff from the FRB and OCC--regarding the implementation of the Act, including through rulemaking(s).
Regulatory Flexibility Analysis Required: Undetermined  Government Levels Affected: None 
Federalism: No 
Included in the Regulatory Plan: No 
RIN Information URL: https://www.fdic.gov/resources/regulations/federal-register-publications/   Public Comment URL: https://www.fdic.gov/resources/regulations/federal-register-publications/  
RIN Data Printed in the FR: No 
Related RINs: Related to 3064-AF19 
Agency Contact:
Graham N. Rehrig
Counsel
Federal Deposit Insurance Corporation
550 17th Street NW,
Washington, DC 20429
Phone:202 898-3829
Email: grehrig@fdic.gov

Kristine Schmidt
Counsel
Federal Deposit Insurance Corporation
550 17th Street NW,
Washington, DC 20429
Phone:202 898-6686
Email: krschmidt@fdic.gov

Tim Schuett
Review Examiner
Federal Deposit Insurance Corporation
550 17th Street NW,
Washington, DC 20429
Phone:763 614-9473
Email: tschuett@fdic.gov

Brian Zeller
Review Examiner
Federal Deposit Insurance Corporation
550 17th Street NW,
Washington, DC 20429
Phone:571 345-8170
Email: bzeller@fdic.gov