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S. 1171 116th Congress Senate

Respect the Caps Act

Official title: A bill to suspend the current compensation packages for all officers of Fannie Mae and Freddie Mac.

Introduced: April 11, 2019 Introduced by: Thom Tillis Republican · North Carolina See on congress.gov
Finance and Financial Sector Corporate finance and managementGovernment corporations and government-sponsored enterprisesHousing finance and home ownershipSecurities
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This bill died when the 116th Congress ended
It never became law before the 116th Congress (2019–2020) 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
Apr 11, 2019
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Apr 11, 2019
Introduced in Senate
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 Latest action April 11, 2019

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

 Plain-English summary Congressional Research Service

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.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Democratic 1
D
Warren, Elizabeth
Massachusetts · Apr 11, 2019
Cite this page click to expand
APA
U.S. Congress. (2026). S. 1171: Respect the Caps Act. 116th Congress. Open America. https://openamerica.io/bill/116-S-1171/
MLA
"S. 1171: Respect the Caps Act." 116th Congress, 2026, Open America, https://openamerica.io/bill/116-S-1171/.
Bluebook (legal)
S. 1171, 116th Cong. (2026), https://openamerica.io/bill/116-S-1171/.
Markdown link
[S. 1171: Respect the Caps Act](https://openamerica.io/bill/116-S-1171/)
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