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Senate actions in response to FDIC toxic workplace report in the next 4 months
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Senate Banking Committee•Sherrod Brown•Joe Biden•FDIC•Martin Gruenberg•Federal Deposit Insurance Corp•Brown•Gruenberg•House•Democrat
Resolution / Starting Odds
Formal recommendation for leadership change • 25%
Investigative committee formed for deeper review • 25%
No significant action taken • 25%
Sanctions or censures issued • 25%
Official Senate records or credible news outlets
Story
Sherrod Brown Urges Biden to Replace Martin Gruenberg Amid Toxic FDIC Workplace Report
May 20, 2024, 02:53 PM
Senate Banking Committee Chairman Sherrod Brown has called on President Joe Biden to replace FDIC Chair Martin Gruenberg following a report that revealed a toxic workplace environment at the Federal Deposit Insurance Corp. The report detailed widespread allegations of sexual harassment, bullying, and discrimination within the agency. Brown, after chairing a recent hearing and reviewing the independent report, emphasized the need for fundamental changes at the FDIC. This call for new leadership has been echoed by other lawmakers amid bipartisan pressure for Gruenberg to resign. Despite these calls, Gruenberg has rebuffed demands for his resignation during a heated House hearing on Wednesday. The Democrat's call comes as criticism mounts over the administration's handling of the FDIC's progressive regulatory agenda.
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Formal hearing with FDIC officials • 25%
Legislation aimed at reforming FDIC • 25%
No significant action • 25%
Investigation into other financial agencies • 25%
Public support for FDIC leadership change • 25%
Public criticism of FDIC handling • 25%
Calls for external review of FDIC practices • 25%
No public response • 25%
Formal investigation launched • 25%
No action taken • 25%
Ethics committee sanction • 25%
Other legislative measures • 25%
No significant action • 33%
Recommendations for sanctions • 33%
Formal charges against involved individuals • 34%
Formal reprimand issued • 25%
Investigative committee established • 25%
No action taken • 25%
Call for resignation • 25%
Significant improvement • 25%
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No significant change • 25%
Deterioration • 25%
Support • 33%
Oppose • 33%
Neutral • 34%
No action taken • 25%
Code of conduct recommended • 25%
Formal reprimand issued • 25%
Referral for further legal action • 25%
Recommendations for further reforms • 33%
No substantial findings • 33%
Calls for resignation of involved lawmakers • 34%
Legislation limiting FTC powers • 25%
Public hearings held • 25%
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Resolution supporting FTC • 25%
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Sanctions imposed • 25%
Fines imposed • 25%
Supply chain overhaul mandated • 25%
No action taken • 33%
Formal reprimand • 33%
Expulsion recommendation • 33%