Ask AI
Bill114th CongressFiled May 8, 2015Housing and Community Development
H.R. 2243

Equity in Government Compensation Act of 2015

Bill journey · stage 2 of 5

Under committee review

Filed
Comm.
Floor
Both
Law

What it doesSummary reported to house amended, part i (Nov 16, 2015)

Equity in Government Compensation Act of 2015

(Sec. 3) This bill requires the Director of the Federal Housing Finance Agency to: (1) suspend immediately the compensation packages approved for 2015 for the chief executive officers of the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac) (government-sponsored enterprises or GSEs); and (2) establish, in lieu of such packages, the compensation and benefits for each such officer at the same level in effect as of January 1, 2015.

Such compensation and benefits may not thereafter be increased.

This requirement may not be construed to affect the applicability to the chief executive officer of each GSE of the prohibition against receiving bonuses during any period of conservatorship on or after April 4, 2012.

(Sec. 4) Any executive officer affected by this Act shall not be considered a federal employee.

What just happenedNov 16, 2015

Placed on the Union Calendar, Calendar No. 261.

Who’s behind it

Rep. Royce, Edward R. [R-CA-39](R-CA)Sponsor
6 cosponsors6 R
Read on Congress.gov
6cosponsors2committees13actions1related bills4subjects
  1. Nov 16, 2015CalendarsH12410

    Placed on the Union Calendar, Calendar No. 261.

  2. Nov 16, 2015DischargeH12300

    Committee on Oversight and Government discharged.

    Oversight and Accountability Committee
  3. Nov 16, 2015Committee5500

    Committee on Oversight and Government discharged.

    Oversight and Accountability Committee
  4. Nov 16, 2015CommitteeH12200

    Reported (Amended) by the Committee on Financial Services. H. Rept. 114-339, Part I.

    Financial Services Committee
  5. Nov 16, 2015Committee5000

    Reported (Amended) by the Committee on Financial Services. H. Rept. 114-339, Part I.

    Financial Services Committee
  6. Jul 29, 2015Committee

    Ordered to be Reported (Amended) by the Yeas and Nays: 57 - 1.

    Financial Services Committee
  7. Jul 29, 2015Committee

    Committee Consideration and Mark-up Session Held.

    Financial Services Committee
  8. Jul 28, 2015Committee

    Committee Consideration and Mark-up Session Held.

    Financial Services Committee
  9. May 8, 2015IntroReferralH11100

    Referred to the Committee on Financial Services, and in addition to the Committee on Oversight and Government Reform, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

    Oversight and Accountability Committee
  10. May 8, 2015IntroReferralH11100-A

    Referred to the Committee on Financial Services, and in addition to the Committee on Oversight and Government Reform, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

  11. May 8, 2015IntroReferralH11100

    Referred to the Committee on Financial Services, and in addition to the Committee on Oversight and Government Reform, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

    Financial Services Committee
  12. May 8, 2015IntroReferralIntro-H

    Introduced in House

  13. May 8, 2015IntroReferral1000

    Introduced in House

Reported to House amended, Part INov 16, 201518

Equity in Government Compensation Act of 2015

(Sec. 3) This bill requires the Director of the Federal Housing Finance Agency to: (1) suspend immediately the compensation packages approved for 2015 for the chief executive officers of the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac) (government-sponsored enterprises or GSEs); and (2) establish, in lieu of such packages, the compensation and benefits for each such officer at the same level in effect as of January 1, 2015.

Such compensation and benefits may not thereafter be increased.

This requirement may not be construed to affect the applicability to the chief executive officer of each GSE of the prohibition against receiving bonuses during any period of conservatorship on or after April 4, 2012.

(Sec. 4) Any executive officer affected by this Act shall not be considered a federal employee.

Introduced in HouseMay 8, 2015

Equity in Government Compensation Act of 2015

Requires the Director of the Federal Housing Finance Agency to: (1) suspend immediately the compensation packages approved for 2015 for the executive officers of the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac) (government-sponsored enterprises or GSEs); 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.

Establishes requirements for determining compensation rates for GSE employees according to the General Schedule for federal civil service employees.

Equity in Government Compensation Act of 2015 — Informed