Text: H.R.2243 — 114th Congress (2015-2016)All Information (Except Text)

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Reported in House (11/16/2015)

 
[Congressional Bills 114th Congress]
[From the U.S. Government Publishing Office]
[H.R. 2243 Reported in House (RH)]

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                                                 Union Calendar No. 261
114th CONGRESS
  1st Session
                                H. R. 2243

                      [Report No. 114-339, Part I]

To suspend the current compensation packages for the senior executives 
   of Fannie Mae and Freddie Mac and establish compensation for such 
 positions in accordance with rates of pay for senior employees in the 
  Executive Branch of the Federal Government, and for other purposes.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                              May 8, 2015

Mr. Royce (for himself and Mr. Poliquin) introduced the following bill; 
   which was referred to the Committee on Financial Services, and in 
  addition to the Committee on Oversight and Government Reform, for a 
 period to be subsequently determined by the Speaker, in each case for 
consideration of such provisions as fall within the jurisdiction of the 
                          committee concerned

                           November 16, 2015

Additional sponsors: Mr. Pearce, Mr. Mulvaney, Mr. Blum, Mr. Latta, and 
                               Mr. Posey

                           November 16, 2015

  Reported from the Committee on Financial Services with an amendment
 [Strike out all after the enacting clause and insert the part printed 
                               in italic]

                           November 16, 2015

The Committee on Oversight and Government Reform discharged; committed 
   to the Committee of the Whole House on the State of the Union and 
                         ordered to be printed
[For text of introduced bill, see copy of bill as introduced on May 8, 
                                 2015]


_______________________________________________________________________

                                 A BILL


 
To suspend the current compensation packages for the senior executives 
   of Fannie Mae and Freddie Mac and establish compensation for such 
 positions in accordance with rates of pay for senior employees in the 
  Executive Branch of the Federal Government, and for other purposes.


 


    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Equity in Government Compensation 
Act of 2015''.

SEC. 2. DEFINITIONS.

    In this Act:
            (1) Director.--The term ``Director'' means the Director of 
        the Federal Housing Finance Agency.
            (2) Enterprise.--The term ``enterprise'' means--
                    (A) the Federal National Mortgage Association and 
                any affiliate thereof; and
                    (B) the Federal Home Loan Mortgage Corporation and 
                any affiliate thereof.
            (3) Executive officer.--The term ``executive officer'' has 
        the same meaning as is given such term in section 1303(12) of 
        the Federal Housing Enterprises Financial Safety and Soundness 
        Act of 1992 (12 U.S.C. 4502(12)).

SEC. 3. REASONABLE PAY FOR CHIEF EXECUTIVE OFFICERS.

    (a) Suspension of Current Compensation Package and Limitation.--The 
Director shall suspend the compensation packages approved for 2015 for 
the chief executive officers of each enterprise and, in lieu of such 
packages, subject to the limitation under subsection (b), establish the 
compensation and benefits for each such chief executive officer at the 
same level in effect for such officer as of January 1, 2015, and such 
compensation and benefits may not thereafter be increased.
    (b) Limitation on Bonuses.--Subsection (a) may not be construed to 
affect the applicability of section 16 of the STOCK Act (12 U.S.C. 
4518a) to the chief executive officer of each enterprise.

SEC. 4. FANNIE AND FREDDIE EXECUTIVE OFFICERS NOT FEDERAL EMPLOYEES.

    Any executive officer affected by any provision under section 3 
shall not be considered a Federal employee.
                                                 Union Calendar No. 261

114th CONGRESS

  1st Session

                               H. R. 2243

                      [Report No. 114-339, Part I]

_______________________________________________________________________

                                 A BILL

To suspend the current compensation packages for the senior executives 
   of Fannie Mae and Freddie Mac and establish compensation for such 
 positions in accordance with rates of pay for senior employees in the 
  Executive Branch of the Federal Government, and for other purposes.

_______________________________________________________________________

                           November 16, 2015

  Reported from the Committee on Financial Services with an amendment

                           November 16, 2015

The Committee on Oversight and Government Reform discharged; committed 
   to the Committee of the Whole House on the State of the Union and 
                         ordered to be printed

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