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HR 4476 111th Congress House

Equity in Government Compensation Act of 2010

Official title: To suspend the current compensation packages for the senior executives of Fannie Mae and Freddie Mac and establish compensation for such positions in accordanc… Show full official titleShow less

Official title: 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.

Introduced: January 20, 2010 See on congress.gov
Housing and Community Development Banking and financial institutions regulationBudget deficits and national debtCorporate finance and managementFederal officials
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Government corporations and government-sponsored enterprisesGovernment employee pay, benefits, personnel managementHousing finance and home ownershipWages and earnings
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This bill died when the 111th Congress ended
It never became law before the 111th Congress (2009–2010) 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
Jan 20, 2010
Referred to the House Committee on Financial Services.
Jan 20, 2010
Introduced in House
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 Latest action January 20, 2010

Referred to the House Committee on Financial Services.

 Plain-English summary Congressional Research Service

Equity in Government Compensation Act of 2010 - Requires the Director of the Federal Housing Finance Agency to: (1) suspend immediately the compensation packages approved for 2010 for the executive officers of the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac); and (2) establish, in lieu of such packages, a compensation system for such officers in accordance with the rates of pay for positions in the Executive Schedule and the Senior Executive Service of the federal government.

Expresses the sense of Congress that each executive officer of Fannie Mae and Freddie Mac should return to the Secretary of the Treasury (clawback) any compensation earned in 2009 that was in excess of the maximum annual rate of basic pay authorized for a position in level I of the Executive Schedule.

Instructs the Secretary of the Treasury to transfer any such amounts returned to the Secretary to a specified account in the Treasury for receiving gifts and proceeds from their sale or redemption, and dedicated to reducing the public debt.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 2
All 2 Republican 2
R
Blackburn, Marsha
Tennessee · Nov 18, 2010
 R
Capito, Shelley Moore
West Virginia · Jan 20, 2010
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 4476: Equity in Government Compensation Act of 2010. 111th Congress. Open America. https://openamerica.io/bill/111-HR-4476/
MLA
"H.R. 4476: Equity in Government Compensation Act of 2010." 111th Congress, 2026, Open America, https://openamerica.io/bill/111-HR-4476/.
Bluebook (legal)
H.R. 4476, 111th Cong. (2026), https://openamerica.io/bill/111-HR-4476/.
Markdown link
[H.R. 4476: Equity in Government Compensation Act of 2010](https://openamerica.io/bill/111-HR-4476/)
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