Equity in Government Compensation Act of 2011

Summary

Equity in Government Compensation Act of 2011 - Requires the Director of the Federal Housing Finance Agency to: (1) suspend immediately the compensation packages approved for 2011 for the executive officers of the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac) (government-sponsored enterprises or GSEs); and (2) establish, in lieu of such packages, a compensation system for such officers in accordance with the rates of pay for positions in the Executive Schedule and the Senior Executive Service of the federal government. Expresses the sense of Congress that each executive officer of Fannie Mae and Freddie Mac whose compensation package is suspended should return to the Secretary of the Treasury (clawback) any compensation earned in 2010 that was in excess of the maximum annual rate of basic pay authorized for a position in level I of the Executive Schedule. Instructs the Secretary of the Treasury to transfer any such amounts returned to the Secretary to a specified account in the Treasury for receiving gifts and proceeds from their sale or redemption, and dedicated to reducing the public debt. Establishes requirements for determining compensation rates for GSE employees according to the General Schedule for federal civil service employees.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

No timeline events have been ingested for this record yet.

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

6 official files

• Reported in House (text)

  Reported in House · EN · 17 January 2012

  ViewDownloadOpen at official source

• Reported in House (PDF)

  Reported in House · EN · 17 January 2012

  ViewDownloadOpen at official source

• Reported to House amended, Part I

  summary · EN · 17 January 2012

  Open at official source

• Introduced in House (text)

  Introduced in House · EN · 29 March 2011

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 29 March 2011

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 29 March 2011

  Open at official source

Sponsors

No sponsors or actors listed by the source.

Related records

No cross-record relationships stored yet.