Warren, Tillis look to enforce GSE salary caps

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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. 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 [.]

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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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.

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.

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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.

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.