An amendment expressing the sense of Congress that salaries and compensation provided to executive officers of the Federal National Mortgage Association have been excessive, and that Congress encourages the Association to conform future salary and compensation proposals that are in excess of reasonable compensation for similar positions in other government-sponsored enterprises.

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Amendment Number
301
Description
An amendment expressing the sense of Congress that salaries and compensation provided to executive officers of the Federal National Mortgage Association have been excessive, and that Congress encourages the Association to conform future salary and compensation proposals that are in excess of reasonable compensation for similar positions in other government-sponsored enterprises.
Purpose
Amendment adds language expressing as the sense of Congress that salaries and compensation provided to executive officers of the Federal National Mortgage Association have been excessive, and encourages the Association to redirect parts of future compensation into strengthening capital and expanding affordable housing opportunities.
Congress
102
Type
HAMDT
Latest Action Date
Sep 25, 1991
Latest Action Text
On agreeing to the Kennedy amendment (A004) Agreed to by voice vote.
Latest Action Time
14:10:50
Submitted Date
Sep 25, 1991
Chamber
House of Representatives
Update Date
Jun 7, 2021
Amendment 301 — Informed