Ernst Slams Biden for Refusing to Fire FDIC Chair Gruenberg

WASHINGTON – Senator Joni Ernst (R-Iowa) released the following statement after the Biden administration refused to immediately remove Federal Deposit Insurance Corporation (FDIC) Chairman Martin Gruenberg:

“The FDIC frat party is over, and it’s past time for President Biden to take real action,” Ernst said. “By failing to fire and immediately remove Chairman Martin Gruenberg, to ensure Democrats keep control of the FDIC’s Board of Directors, the Biden administration is putting politics over protecting women in the workplace. Gruenberg needs to go today, and everyone who perpetuated this culture of misconduct should be investigated and immediately removed from the FDIC, so public servants are focused on serving Americans, not their Animal House behavior.”

Background:

Following reports of sexual harassment and discrimination at the FDIC, Ernst was one of the first senators to call for FDIC Chair Martin Gruenberg’s resignation. In November 2023, she followed up by conducting critical oversight of this behavior at the FDIC and demanding any evidence of criminal wrongdoing by agency employees be turned over to the Department of Justice and local law enforcement for potential prosecution.

After a third-party investigation into the FDIC’s workplace culture, Ernst called for real consequences and the Department of Justice to investigate the agency from top to bottom.

In the face of reports of this criminal misconduct at federal agencies, Ernst introduced the No Taxpayer-Funded Pensions for Sex Criminals Act, bipartisan, bicameral legislation to prohibit sex criminals from collecting taxpayer-funded pensions.

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