To prohibit golden parachute payments for former executives and directors of Fannie Mae and Freddie Mac.
Latest action · Sep 10, 2008 Referred to the House Committee on Financial Services.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedSep 10, 2008
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Amends the Federal Housing Enterprises Financial Safety and Soundness Act of 1992, as amended by the Federal Housing Finance Regulatory Reform Act of 2008, to require the Director of the Federal Housing Finance Agency to prohibit any golden parachute payment on or after enactment of this Act with respect to any executive officer or member of the board of directors of: (1) the Federal National Mortgage Association (Fannie Mae) and any affiliate; (2) Federal Home Loan Mortgage Corporation (Freddie Mac) and any affiliate; and (3) any Federal Home Loan Bank.
Cosponsors 37
Members who signed on, in the order they did. Signatures ran from Sep 10, 2008 to Sep 26, 2008; 6 are original cosponsors, there from the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| R-NE | Jeff Fortenberry | Original | Sep 10, 2008 |
| R-NJ | Scott Garrett | Original | Sep 10, 2008 |
| R-AL | Spencer Bachus | Original | Sep 10, 2008 |
| R-MI | Tim Walberg | Original | Sep 10, 2008 |
| R-NC | Virginia Foxx | Original | Sep 10, 2008 |
| R-MO | W. Todd Akin | Original | Sep 10, 2008 |
| R-FL | Cliff Stearns | Sep 11, 2008 | |
| R-CA | Elton Gallegly | Sep 11, 2008 | |
| R-NJ | Frank A. LoBiondo | Sep 11, 2008 | |
| R-OR | Greg Walden | Sep 11, 2008 | |
| R-CO | Marilyn N. Musgrave | Sep 11, 2008 | |
| R-IN | Mark E. Souder | Sep 11, 2008 | |
| R-GA | Paul C. Broun | Sep 11, 2008 | |
| R-TX | Sam Johnson | Sep 11, 2008 | |
| R-VA | Thelma D. Drake | Sep 11, 2008 | |
| R-FL | Vern Buchanan | Sep 11, 2008 | |
| R-FL | Adam H. Putnam | Sep 15, 2008 | |
| R-ID | Bill Sali | Sep 15, 2008 | |
| R-IN | Dan Burton | Sep 15, 2008 | |
| R-MT | Denny Rehberg | Sep 15, 2008 | |
| D-AZ | Harry E. Mitchell | Sep 15, 2008 | |
| D-VA | James P. Moran | Sep 15, 2008 | |
| R-TX | Jeb Hensarling | Sep 15, 2008 | |
| R-AR | John Boozman | Sep 15, 2008 | |
| R-MN | Michele Bachmann | Sep 15, 2008 | |
| R-OH | Robert E. Latta | Sep 15, 2008 | |
| R-PA | Todd Russell Platts | Sep 15, 2008 | |
| R-TX | John R. Carter | Sep 16, 2008 | |
| R-TX | Louie Gohmert | Sep 16, 2008 | |
| D-VT | Peter Welch | Sep 16, 2008 | |
| R-MI | Thaddeus G. McCotter | Sep 16, 2008 | |
| R-CA | Wally Herger | Sep 16, 2008 | |
| R-NY | John M. McHugh | Sep 17, 2008 | |
| R-WI | Paul D. Ryan | Sep 17, 2008 | |
| R-PA | Tim Murphy | Sep 17, 2008 | |
| D-TN | Steve Cohen | Sep 23, 2008 | |
| R-VA | Robert J. Wittman | Sep 26, 2008 |
Committees 1
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| House | Financial Services Committee | Referred Sep 10, 2008 |
Actions 2
Everything that happened, newest first.
- Sep 10, 2008Introduced in House
- Sep 10, 2008Referred to the House Committee on Financial Services.
Related bills 1
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| S 3458 | A bill to prohibit golden parachute payments for former executives and directors of Fannie Mae and Freddie Mac. | Related bill | Sep 9, 2008 |
Titles 1
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- To prohibit golden parachute payments for former executives and directors of Fannie Mae and Freddie Mac.
Subjects
Assigned by the Library of Congress. Policy area: Finance and Financial Sector.
Text 1
Each version as it was printed, newest first.
- Sep 10, 2008Introduced in House
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.
