Warren, Tillis look to enforce GSE salary caps

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.

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 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.

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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.

In an op-ed for American Banker in January 2016 while serving at Cato, Calabria lamented lawmakers’ inaction on enacting GSE reform through legislation. “Even without congressional involvement,

GSE reform Hannah Lang April 15 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.

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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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