S 1990
CURB Act
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Sign in to take action- Introduced
- Passed Senate
- Passed House
- To President
- Became Law
Bill overview
The CURB Act aims to give the Director of the Federal Housing Finance Agency (FHFA) more authority over executive compensation at Federal Home Loan Banks. Specifically, it modifies the Federal Home Loan Bank Act to allow the FHFA Director to set executive officer compensation, ensuring it’s reasonable and comparable to other similar positions, rather than being solely dictated by existing regulations. This change seeks to curb what some consider excessive executive pay at these banks. The bill is named the Curtailing Unreasonable Remuneration at Banks Act, or the CURB Act.
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