S 1171
116th Congress
Senate
Finance and Financial Sector
Corporate finance and management
Government corporations and government-sponsored enterprises
Housing finance and home ownership
Securities
Respect the Caps Act
Introduced: April 11, 2019
Introduced by:
Tillis, Thomas
Republican
· North Carolina
See on congress.gov
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
Plain-English summary
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.
What's happening now
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Committees of jurisdiction
1
Cosponsors
1