# 119-s-5389: Ending Presidential Corruption in Banking Act

119-s-5389, Ending Presidential Corruption in Banking Act, is a 119th Congress bill sponsored by Sen. Warren, Elizabeth [D-MA] (D-MA); status introduced; PRIA reads it as touching household money (as of 2026-10-15).

- Canonical: https://policyrisk.com/legislation/119-s-5389
- As of: 2026-10-15
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-s-5389
- Congress: 119
- Title: Ending Presidential Corruption in Banking Act
- Status: introduced
- Introduced: 2026-09-14
- Sponsor: Sen. Warren, Elizabeth [D-MA] (D-MA)
- Cosponsors: 15
- Policy area: Finance and Financial Sector
- Touches household money: yes
- Last recorded action: 2026-10-15

## Summary

**Bar presidents and close family from owning or controlling banks.** This bill would stop senior federal officials and certain relatives from owning or running banks and set fast deadlines for regulators to cancel bank approvals tied to them. - Presidents, Vice Presidents, their spouses, and children could not own or vote more than 10 percent of any class of a bank's voting stock, serve as a senior executive, or exercise controlling influence. If they do not comply within 30 days after inauguration, the Federal Reserve Board, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency must terminate that bank's charter, license, master account, or deposit insurance. - Members of Congress, presidentially appointed senior executives who require Senate confirmation, and certain special government employees would face the same 10 percent ownership and control limits for covered banking applications. Banks that received approvals after January 20, 2025 while those limits were violated must have charters and similar approvals terminated within 60 days of enactment. - The Federal Reserve Board, the FDIC, and the OCC enforce the rules by refusing covered approvals and by terminating charters, licenses, master accounts, and deposit insurance for noncompliant banks.

## Cosponsors (15)

- Sen. Reed, Jack [D-RI] (D-RI), 2026-09-14T00:00:00.000Z
- Sen. Van Hollen, Chris [D-MD] (D-MD), 2026-09-14T00:00:00.000Z
- Sen. Murphy, Christopher [D-CT] (D-CT), 2026-09-14T00:00:00.000Z
- Sen. Sanders, Bernard [I-VT] (I-VT), 2026-09-14T00:00:00.000Z
- Sen. Blumenthal, Richard [D-CT] (D-CT), 2026-09-14T00:00:00.000Z
- Sen. Kim, Andy [D-NJ] (D-NJ), 2026-09-14T00:00:00.000Z
- Sen. Alsobrooks, Angela D. [D-MD] (D-MD), 2026-09-14T00:00:00.000Z
- Sen. Gallego, Ruben [D-AZ] (D-AZ), 2026-09-14T00:00:00.000Z
- Sen. Blunt Rochester, Lisa [D-DE] (D-DE), 2026-09-14T00:00:00.000Z
- Sen. Duckworth, Tammy [D-IL] (D-IL), 2026-09-14T00:00:00.000Z
- Sen. Hirono, Mazie K. [D-HI] (D-HI), 2026-09-14T00:00:00.000Z
- Sen. Coons, Christopher A. [D-DE] (D-DE), 2026-09-14T00:00:00.000Z
- Sen. Kelly, Mark [D-AZ] (D-AZ), 2026-09-14T00:00:00.000Z
- Sen. Durbin, Richard J. [D-IL] (D-IL), 2026-09-15T00:00:00.000Z
- Sen. Booker, Cory A. [D-NJ] (D-NJ), 2026-09-22T00:00:00.000Z

## Provisions PRIA read

- Ban approvals when officials control banks: cost, low. If enacted, the bill would define who and what are covered. "Bank" would mean a depository institution or a company that controls one. "Covered application" would include national bank charters, master accounts, federal deposit insurance, and other federal bank licenses. The Fed, FDIC, and OCC woul…
- No presidential ownership or quick shutdowns: cost, low. If enacted, the bill would make it unlawful for the President, Vice President, or their spouse or child to directly or indirectly own, control, or vote more than 10% of any class of voting securities of a bank, serve as a senior executive, or otherwise control a bank. The Fed, FDIC, and OCC would h…

## Related bills

- 119-s-5066: Health Equity and Accountability Act of 2026
- 119-s-3990: PrEP Access and Coverage Act of 2026
- 119-s-2823: FAMILY Act
- 119-s-5108: Right to IVF Act of 2026
- 119-s-1503: Equality Act
- 119-s-852: Richard L. Trumka Protecting the Right to Organize Act of 2025

## Sources
- [119-s-5389 on Congress.gov](https://www.congress.gov/bill/119th-congress/senate-bill/5389)

## Related
- [119-s-5066: Health Equity and Accountability Act of 2026](https://policyrisk.com/legislation/119-s-5066)
- [119-s-3990: PrEP Access and Coverage Act of 2026](https://policyrisk.com/legislation/119-s-3990)
- [119-s-2823: FAMILY Act](https://policyrisk.com/legislation/119-s-2823)
- [119-s-5108: Right to IVF Act of 2026](https://policyrisk.com/legislation/119-s-5108)
- [119-s-1503: Equality Act](https://policyrisk.com/legislation/119-s-1503)
- [119-s-852: Richard L. Trumka Protecting the Right to Organize Act of 2025](https://policyrisk.com/legislation/119-s-852)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-s-5389 (as of 2026-10-15).