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 addi-
tion to the Committee on Oversight and Government Reform, for a period 
to be subsequently determined by the Speaker, in each case for consider-
ation 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 or-
dered to be printed 
[For text of introduced bill, see copy of bill as introduced on May 8, 2015] 
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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. 
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Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘Equity in Government 
Compensation Act of 2015’’. 
SEC. 2. DEFINITIONS. 
In this Act: 
(1) DIRECTOR.—The term ‘‘Director’’ means the 
Director of the Federal Housing Finance Agency. 
(2) 
ENTERPRISE.—The 
term 
‘‘enterprise’’ 
means— 
(A) the Federal National Mortgage Associa-
tion and any affiliate thereof; and 
(B) the Federal Home Loan Mortgage Cor-
poration and any affiliate thereof. 
(3) EXECUTIVE OFFICER.—The term ‘‘executive 
officer’’ has the same meaning as is given such term 
in section 1303(12) of the Federal Housing Enter-
prises Financial Safety and Soundness Act of 1992 
(12 U.S.C. 4502(12)). 
SEC. 3. REASONABLE PAY FOR CHIEF EXECUTIVE OFFI-
CERS. 
(a) SUSPENSION OF CURRENT COMPENSATION PACK-
AGE AND LIMITATION.—The Director shall suspend the com-
pensation packages approved for 2015 for the chief executive 
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officers of each enterprise and, in lieu of such packages, sub-
ject to the limitation under subsection (b), establish the com-
pensation and benefits for each such chief executive officer 
at the same level in effect for such officer as of January 
1, 2015, and such compensation and benefits may not there-
after be increased. 
(b) LIMITATION ON BONUSES.—Subsection (a) may 
not be construed to affect the applicability of section 16 of 
the STOCK Act (12 U.S.C. 4518a) to the chief executive 
officer of each enterprise. 
SEC. 4. FANNIE AND FREDDIE EXECUTIVE OFFICERS NOT 
FEDERAL EMPLOYEES. 
Any executive officer affected by any provision under 
section 3 shall not be considered a Federal employee. 
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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 
the senior executives of Fannie Mae and Freddie 
Mac and establish compensation for such posi-
tions in accordance with rates of pay for senior 
employees in the Executive Branch of the Fed-
eral Government, and for other purposes. 
NOVEMBER 16, 2015 
Reported from the Committee on Financial Services with 
an amendment 
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 
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00:29 Nov 17, 2015
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