S 1171
Respect the Caps Act
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Sign in to take action- Introduced
- Passed Senate
- Passed House
- To President
- Became Law
Bill overview
The Respect the Caps Act aims to limit executive compensation and authority within Fannie Mae and Freddie Mac. Specifically, it prohibits these agencies from transferring the CEO’s duties to other positions and establishes a process for removing the Director of the Federal Housing Finance Agency (FHFA) if they approve excessive executive compensation packages. The bill seeks to ensure accountability and adherence to compensation limits established by previous legislation. It reinforces existing rules regarding executive pay at these government-sponsored enterprises.
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Primary sponsor
Thomas Tillis
Cosponsor
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