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S. 2036 · 114th Congress

Equity in Government Compensation Act of 2015

Law · 114-93 · Nov 25, 2015
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IntroducedPassed one chamberPassed both chambersBecame law (gold)Resolution agreed to (full, dark)Failed or vetoed (gray)

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Became law without a recorded vote. It passed by voice vote or unanimous consent, which don't record how each member voted.

1 cosponsor · 1 D

1 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.

  1. Senate Introduced Sep 15, 2015
  2. Senate Passed Sep 15, 2015
  3. House Passed Nov 16, 2015
  4. President To the President Nov 19, 2015
  5. President Signed Nov 25, 2015
  6. Law Nov 25, 2015

This suspension shall not be construed to affect the prohibition of the STOCK Act against receipt of bonuses by the chief executive officer of each GSE during any period of conservatorship.

What it does: CRS summary · Public Law · Nov 25, 2015

(This measure has not been amended since it was introduced. The expanded summary of the Senate passed version is repeated here.)

Equity in Government Compensation Act of 2015

(Sec. 3) This bill requires the Director of the Federal Housing Finance Agency to suspend the compensation packages approved for 2015 for the chief executive officers of the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation (government sponsored enterprises or GSEs), and any affiliates, and in lieu of such packages establish the compensation and benefits for each such chief executive officer at the same level in effect for that officer as of January 1, 2015. Such compensation and benefits may not thereafter be increased.

This suspension shall not be construed to affect the prohibition of the STOCK Act against receipt of bonuses by the chief executive officer of each GSE during any period of conservatorship. It shall only apply to such a chief executive officer if the GSE is in conservatorship or receivership as a critically undercapitalized regulated entity pursuant to the Federal Housing Enterprises Financial Safety and Soundness Act of 1992.

(Sec. 4) Any chief executive officer affected by this compensation package suspension shall not be considered a federal employee.

Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov

About this bill and sources

Official title: Equity in Government Compensation Act of 2015

Latest action (Nov 25, 2015): Became Public Law No: 114-93.

Policy area: Housing and Community Development · Origin: Senate · Introduced: Sep 15, 2015

Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)

  1. Senate Introduced Sep 15, 2015
  2. Senate Passed Sep 15, 2015
  3. House Passed Nov 16, 2015
  4. President To the President Nov 19, 2015
  5. President Signed Nov 25, 2015
  6. Law Nov 25, 2015

No recorded floor vote found.