# Fair Hiring in Banking Act
> **US Federal Deposit Insurance Corporation** · Final rule. · Published 2024-08-07 · Effective 2024-10-01 · 89 FR 64353
## Document
- **Document number:** 2024-17327
- **Category:** final-rule
- **Agency:** US Federal Deposit Insurance Corporation
- **Federal Register citation:** 89 FR 64353
- **CFR reference:** 12 CFR 303
- **Publication date:** 2024-08-07
- **Effective date:** 2024-10-01
## Abstract

The Federal Deposit Insurance Corporation (FDIC) is revising its regulations to conform with the Fair Hiring in Banking Act (FHBA)-- which was enacted on and immediately effective as of December 23, 2022. Among other provisions, the FHBA excluded or exempted categories of otherwise-covered offenses from the scope of statutory prohibitions on participation in banking. These categories pertain to certain older offenses, offenses committed by individuals 21 or younger, and relatively minor offenses. The FHBA also clarified several definitions in section 19 and provided application-processing procedures. The FDIC considers most of the revisions to its regulations to be required by the FHBA. Most other revisions reflect the FDIC's interpretation of statutory prohibitions in light of the FHBA.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/2024/08/07/2024-17327/fair-hiring-in-banking-act)
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