S 3458
110th Congress
Senate
Finance and Financial Sector
Bank employees
Federal home loan banks
Golden parachutes
Housing and Community Development
Mortgage banks
A bill to prohibit golden parachute payments for former executives and directors of Fannie Mae and Freddie Mac.
Introduced: September 9, 2008
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Sep 9, 2008
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Sep 9, 2008
Introduced in Senate
Plain-English summary
Amends the Federal Housing Enterprises Financial Safety and Soundness Act of 1992, as amended by the Federal Housing Finance Regulatory Reform Act of 2008, to require the Director of the Federal Housing Finance Agency to prohibit any golden parachute payment on or after enactment of this Act with respect to any executive officer or director of: (1) the Federal National Mortgage Association (Fannie Mae) and any affiliate; (2) Federal Home Loan Mortgage Corporation (Freddie Mac) and any affiliate; and (3) any Federal Home Loan Bank.
What's happening now
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Committees of jurisdiction
1
Cosponsors
1