November 21, 2023

Brown Statement on FDIC Investigation

WASHINGTON, D.C. – Today, U.S. Senator Sherrod Brown (D-OH), Chairman of the Senate Committee on Banking, Housing, and Urban Affairs, issued the following statement after it was announced that the Federal Deposit Insurance Corporation (FDIC) Board will establish a Special Committee to oversee the independent review of agency culture.

“The FDIC Board has taken appropriate steps so that the oversight of the outside firm’s assessment of the agency’s culture can proceed independently,” said Brown. “I will review the completed assessment and any recommendations or actions that can protect workers and strengthen the FDIC and our financial system.”

Brown led Committee Democrats in calling for a separate independent and thorough investigation by the Acting Inspector General of the FDIC.