Equity in Government Compensation Act of 2015

Bill: 114-hr-2243
Sponsor: Rep. Royce, Edward R. [R-CA-39]
Introduced: 2015-05-08 in the House
Policy area: Housing and Community Development
Subjects: Corporate finance and management
Government corporations and government-sponsored enterprises
Housing finance and home ownership
Wages and earnings

Summary:
action_date: 2015-05-08
text: 

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.

action_date: 2015-11-16
text: 

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.


Legislative actions:
action_date: 2015-11-16
text: Placed on the Union Calendar, Calendar No. 261.
action_date: 2015-11-16
text: Committee on Oversight and Government discharged.
action_date: 2015-11-16
text: Committee on Oversight and Government discharged.
action_date: 2015-11-16
text: Reported (Amended) by the Committee on Financial Services. H. Rept. 114-339, Part I.
action_date: 2015-11-16
text: Reported (Amended) by the Committee on Financial Services. H. Rept. 114-339, Part I.
action_date: 2015-07-29
text: Ordered to be Reported (Amended) by the Yeas and Nays: 57 - 1.
action_date: 2015-07-29
text: Committee Consideration and Mark-up Session Held.
action_date: 2015-07-28
text: Committee Consideration and Mark-up Session Held.
action_date: 2015-05-08
text: 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.
action_date: 2015-05-08
text: 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.
action_date: 2015-05-08
text: 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.
action_date: 2015-05-08
text: Introduced in House
action_date: 2015-05-08
text: Introduced in House