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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
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This bill died when the 110th Congress ended
It never became law before the 110th Congress (2007–2008) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 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
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 Plain-English summary Congressional Research Service

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 September 9, 2008

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

 Related & companion bills 1
  • HR 6864 Related bill To prohibit golden parachute payments for former executives and directors of Fannie Mae and Freddie Mac.
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Republican 1
R
Thune, John
South Dakota · Sep 10, 2008
Cite this page click to expand
APA
U.S. Congress. (2026). S. 3458: A bill to prohibit golden parachute payments for former executives and directors of Fannie Mae and Freddie Mac.. 110th Congress. Open America. https://openamerica.io/bill/110-S-3458/
MLA
"S. 3458: A bill to prohibit golden parachute payments for former executives and directors of Fannie Mae and Freddie Mac.." 110th Congress, 2026, Open America, https://openamerica.io/bill/110-S-3458/.
Bluebook (legal)
S. 3458, 110th Cong. (2026), https://openamerica.io/bill/110-S-3458/.
Markdown link
[S. 3458: A bill to prohibit golden parachute payments for former executives and directors of Fannie Mae and Freddie Mac.](https://openamerica.io/bill/110-S-3458/)
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