Warren, Tillis look to enforce GSE salary caps
Warren, Tillis look to enforce GSE salary caps A bipartisan proposal would allow for the removal of the FHFA director if the agency approves ceo salary increases at Fannie and Freddie beyond $600,000. GSE. Lawmakers still have a long way to go before enacting housing finance reform, but the.
Warren, Tillis look to enforce GSE salary caps By Neil Haggerty Published April 12 2019, 2:44pm EDT WASHINGTON – Two members of the Senate Banking Committee have introduced bipartisan legislation to enforce the salary caps of the chief executives at the mortgage giants Fannie Mae and freddie mac. sens. elizabeth Warren, D-Mass., and Thom Tillis, R-N.C., have introduced the Respect the Caps.
The name of the bill says it all. The bipartisan "Respect the Caps Act", introduced this week by Senate Banking Committee members Thom Tillis, R-NC, and Elizabeth Warren, D-MA, is intended to enforce the salary caps Congress imposed on the CEOs of Fannie Mae and Freddie Mac in 2015. The caps came in the wake of the financial crisis.
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Treasury’s point man on GSE reform stepping down The GSEs remain in conservatorship more than 10 years after they were taken over and efforts at housing reform are unlikely to bear fruit this year. Earlier in his career, Bright was a senior.Terry L. Smith William harold terry (october 30, 1898 – January 9, 1989) was a Major League Baseball first baseman and manager.He stood 6 feet 1 inch (1.85 m) tall and weighed 200 pounds (91 kg). Terry was inducted into the Baseball Hall of Fame in 1954. In 1999, he ranked number 59 on The Sporting News list of the 100 Greatest Baseball Players, and was a nominee for the Major League Baseball All-Century Team.
WASHINGTON, April 15– The office of Sen. Thom Tillis, R-North Carolina, issued the following news release: Senators Thom Tillis (R-NC) and Elizabeth Warren (D-MA) both members of the Senate Banking Committee with jurisdiction over Fannie Mae and Freddie Mac, recently introduced the Respect the Caps.
WASHINGTON – Two members of the Senate Banking Committee have introduced bipartisan legislation to enforce the salary caps of the chief executives at the mortgage giants Fannie Mae and Freddie Mac. Sens. Elizabeth Warren, D-Mass., and Thom Tillis, R-N.C., have introduced the Respect the Caps Act, which would explicitly bar Fannie and Freddie from transferring [.]
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It would also allow for the federal housing finance Agency director’s removal if it approves compensation greater than the cap of $600,000 a year, which was signed into law in 2015.
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It would also allow for the Federal Housing Finance Agency director’s removal if it approves compensation greater than the cap of $600,000 a year, which was signed into law in 2015.