FDIC Renews Job App Form: Thrills Ensue
Published Date: 3/3/2025
Notice
Summary
The FDIC wants to renew a form that people applying for jobs with them must fill out to prove they meet certain rules. They’re asking the public to share thoughts by April 2, 2025. This renewal won’t cost extra money but keeps the process smooth and fair for job seekers.
Analyzed Economic Effects
2 provisions identified: 0 benefits, 2 costs, 0 mixed.
Mandatory Certification Before FDIC Job Offer
If you apply for a job with the FDIC, you must sign Form 2120/16 (Certification of Compliance with Mandatory Bars to Employment, OMB No. 3064-0121) before an offer of employment. The certification implements statutory bars that prohibit employment of anyone convicted of a felony; anyone removed from or prohibited from participating in the affairs of any insured depository institution by a final enforcement action of a federal banking agency; anyone who has demonstrated a pattern or practice of defalcation regarding obligations to insured depository institutions; or anyone who has caused a substantial loss to federal deposit insurance funds.
Estimated Time Burden for Applicants
The FDIC estimates 866 individuals will complete Form 2120/16 annually, each response taking about 10 minutes, for a total annual burden of 144 hours. The total estimated annual burden increased from 88 hours in 2022 to 144 hours in this renewal because of an increased estimate of respondents.
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