IB 

Union Calendar No. 261 

114TH CONGRESS 

1ST SESSION H. R. 2243 

[Report No. 114–339, Part I] 

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. 

IN THE HOUSE OF REPRESENTATIVES 

MAY 8, 2015 

Mr. ROYCE (for himself and Mr. POLIQUIN) introduced the following bill; 

which was 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 

NOVEMBER 16, 2015 

Additional sponsors: Mr. PEARCE, Mr. MULVANEY, Mr. BLUM, Mr. LATTA, 

and Mr. POSEY

NOVEMBER 16, 2015 

Reported from the Committee on Financial Services with an amendment 

[Strike out all after the enacting clause and insert the part printed in italic] 

NOVEMBER 16, 2015 

The Committee on Oversight and Government Reform discharged; committed 

to the Committee of the Whole House on the State of the Union and ordered to be printed 

[For text of introduced bill, see copy of bill as introduced on May 8, 2015] 


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•HR 2243 RH

A BILL 

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. 


srobinson on DSK5SPTVN1PROD with BILLS
3 

•HR 2243 RH

1 Be it enacted by the Senate and House of Representa2 tives of the United States of America in Congress assembled, 

3 SECTION 1. SHORT TITLE. 

4 This Act may be cited as the ‘‘Equity in Government 

5 Compensation Act of 2015’’. 

6 SEC. 2. DEFINITIONS. 

7 In this Act: 

8 (1) DIRECTOR.—The term ‘‘Director’’ means the 

9 Director of the Federal Housing Finance Agency. 

10 (2) ENTERPRISE.—The term ‘‘enterprise’’ 

11 means— 

12 (A) the Federal National Mortgage Associa13 tion and any affiliate thereof; and 

14 (B) the Federal Home Loan Mortgage Cor15 poration and any affiliate thereof. 

16 (3) EXECUTIVE OFFICER.—The term ‘‘executive 

17 officer’’ has the same meaning as is given such term 

18 in section 1303(12) of the Federal Housing Enter19 prises Financial Safety and Soundness Act of 1992 

20 (12 U.S.C. 4502(12)). 

21 SEC. 3. REASONABLE PAY FOR CHIEF EXECUTIVE OFFI22 CERS. 

23 (a) SUSPENSION OF CURRENT COMPENSATION PACK24 AGE AND LIMITATION.—The Director shall suspend the com25 pensation packages approved for 2015 for the chief executive 


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•HR 2243 RH

1 officers of each enterprise and, in lieu of such packages, sub2 ject to the limitation under subsection (b), establish the com3 pensation and benefits for each such chief executive officer 

4 at the same level in effect for such officer as of January 

5 1, 2015, and such compensation and benefits may not there6 after be increased. 

7 (b) LIMITATION ON BONUSES.—Subsection (a) may 

8 not be construed to affect the applicability of section 16 of 

9 the STOCK Act (12 U.S.C. 4518a) to the chief executive 

10 officer of each enterprise. 

11 SEC. 4. FANNIE AND FREDDIE EXECUTIVE OFFICERS NOT 

12 FEDERAL EMPLOYEES. 

13 Any executive officer affected by any provision under 

14 section 3 shall not be considered a Federal employee. 


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srobinson on DSK5SPTVN1PROD with BILLS
Union Calendar No. 261 

114TH CONGRESS 

1ST SESSION H. R. 2243 

[Report No. 114–339, Part I] 

A BILL 

To suspend the current compensation packages for 

eral Government, and for other purposes. employees in the Executive Branch of the Fedtions in accordance with rates of pay for senior Mac and establish compensation for such posithe senior executives of Fannie Mae and Freddie 

NOVEMBER 16, 2015 

Reported from the Committee on Financial Services with 

an amendment 

NOVEMBER 16, 2015 

The Committee on Oversight and Government Reform 

printed House on the State of the Union and ordered to be discharged; committed to the Committee of the Whole 


srobinson on DSK5SPTVN1PROD with BILLS