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

Legislation Details

Calls for the immediate removal of Martin J. Gruenberg as Chairman of the Federal Deposit Insurance Corporation (FDIC).
Notes that Gruenberg has served as FDIC Chairman for nine of the last thirteen years.
Accuses Gruenberg of overseeing a toxic workplace environment at the FDIC.
Mentions credible accusations of mistreatment of staff by Gruenberg.
States that his treatment of staff has led to staffing shortages and retirements within the agency.
Claims that his management style has hindered the FDIC’s ability to effectively supervise banks, contributing to the failure of multiple financial institutions.
Argues that Gruenberg’s failure to address workplace issues has jeopardized the safety and stability of the U.S. financial system.
Criticizes Gruenberg for prioritizing partisan rulemaking over collaborative efforts to improve workplace conditions.
Concludes that Gruenberg is not suitable to lead a cultural transformation at the FDIC.