Overview
- During a Senate Banking Committee hearing, Sen. John Kennedy told acting FDIC Chair Travis Hill he “wouldn’t vote” for him over the agency’s handling of workplace misconduct.
- Kennedy demanded a detailed report within 30 days on how harassment and other complaints were handled, warning that his support hinges on the response.
- The committee’s 13–11 Republican advantage means a single GOP defection paired with unified Democratic opposition could block Hill from advancing.
- Hill said reforming the FDIC’s culture is a top priority, while Sen. Elizabeth Warren said there is no record of concrete steps or responses to her oversight requests.
- A 2024 Cleary Gottlieb investigation found pervasive harassment and discrimination at the FDIC, with more than 500 current and former employees sharing accounts.