Ending Presidential Corruption in Banking Act

(a) In general. It shall be unlawful for the President or Vice President, or a spouse or child of the President or Vice President, directly or indirectly, or acting through or in concert with 1 or more persons, to—

(1) own, control, or have the power to vote more than 10 percent of any class of voting securities of a bank;

(2) serve as a senior executive of a bank; or

(3) otherwise exercise a controlling influence over a bank.

(b) Termination. If the President, Vice President, or a spouse or child of the President or Vice President, as applicable, has not come into compliance with subsection (a) before the end of the 30-day period beginning on the date of inauguration of the President or Vice President, as applicable, the Federal Reserve Board, Federal Deposit Insurance Corporation, and Office of the Comptroller of the Currency shall immediately terminate the charter, license, master account, or deposit insurance of any bank described in subsection (a).