About | HeinOnline Law Journal Library | HeinOnline Law Journal Library | HeinOnline
LOG IN
LOG IN

H. Rept. 114-339 1 (2015-11-16)

handle is hein.congrecreports/crptxsyd0001 and id is 1 raw text is: AUTHENTICATEO U.S. GOVERNMENT INFORMATION GP 114TH CONGRESS J REPT. 114-339 1st Session HOUSE OF REPRESENTATIVES Part 1 EQUITY IN GOVERNMENT COMPENSATION ACT OF 2015 NOVEMBER 16, 2015.-Committed to the Committee of the Whole House on the State of the Union and ordered to be printed Mr. HENSARLING, from the Committee on Financial Services, submitted the following REPORT [To accompany H.R. 2243] [Including cost estimate of the Congressional Budget Office] The Committee on Financial Services, to whom was referred the bill (H.R. 2243) 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 Govern- ment, and for other purposes, having considered the same, report favorably thereon with an amendment and recommend that the bill as amended do pass. The amendment is as follows: Strike all after the enacting clause and insert the following: 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 Hous- ing Finance Agency. (2) ENTERPRISE.-The term enterprise means- (A) the Federal National Mortgage Association and any affiliate thereof; and (B) the Federal Home Loan Mortgage Corporation and any affiliate there- of. (3) EXECUTIVE OFFICER.-The term executive officer has the same meaning as is given such term in section 1303(12) of the Federal Housing Enterprises Financial Safety and Soundness Act of 1992 (12 U.S.C. 4502(12)). SEC. 3. REASONABLE PAY FOR CHIEF EXECUTIVE OFFICERS. (a) SUSPENSION OF CURRENT COMPENSATION PACKAGE AND LIMITATION.-The Di- rector shall suspend the compensation packages approved for 2015 for the chief ex- ecutive officers of each enterprise and, in lieu of such packages, subject to the limi- tation under subsection (b), establish the compensation and benefits for each such 59-006

What Is HeinOnline?

HeinOnline is a subscription-based resource containing thousands of academic and legal journals from inception; complete coverage of government documents such as U.S. Statutes at Large, U.S. Code, Federal Register, Code of Federal Regulations, U.S. Reports, and much more. Documents are image-based, fully searchable PDFs with the authority of print combined with the accessibility of a user-friendly and powerful database. For more information, request a quote or trial for your organization below.