Summary: S.1171 — 116th Congress (2019-2020)All Information (Except Text)

There is one summary for S.1171. Bill summaries are authored by CRS.

Shown Here:
Introduced in Senate (04/11/2019)

Respect the Caps Act

This bill prohibits the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac) from transferring or delegating the duties of the chief executive officer to any other position. The bill also provides for the removal of the director of the Federal Housing Finance Agency if the director approves executive compensation packages in excess of statutory limits.