S. 5389
Ending Presidential Corruption in Banking Act
Official summary
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Text of the bill
In this Act:
(1) Bank. The term bank means—
(A) a depository institution, as defined in section 3 of the Federal Deposit Insurance Act (12 U.S.C. 1813); and
(B) any company that has control over a depository institution.
(2) Covered application. The term covered application means an application for—
(A) a national bank charter;
(B) a master account;
(C) Federal deposit insurance; or
(D) any other banking license under Federal law.
(3) Covered person. The term covered person means—
(A) the President;
(B) the Vice President;
(C) a Member of Congress;
(D) an individual appointed to a position in a department or agency of the executive branch of the United States for which appointment is required to be made by the President, by and with the advice and consent of the Senate;
(E) a special Government employee, as defined in section 202 of title 18, United States Code, associated with the Executive Office of the President; or
(F) a spouse or child of the President or Vice President.