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.