About the bill
###Congress says Fannie Mae and Freddie Mac execs don’t deserve pay raises
The average American is not the only ones to lose pay increases. S. 2036, which passed the Senate and is expected to pass the House, caps pay raises for the chief executive officers of Fannie Mae and Freddie Mac.
Earlier this year the Federal Housing Finance Agency (FHFA) authorized new compensation packages for the CEOs of the two government-sponsored enterprises. S. 2036 would suspend the allotted $4 million increase, which could bring total compensation to over $7 million dollars. Instead, this bill’s passing caps each executive's’ total compensation to the prior level: $600,000 a year.
“Giving massive taxpayer-funded pay raises to Fannie Mae and Freddie Mac [executives] isn’t just out of touch – it’s downright offensive,” said …
Sponsor and status
Sponsor. Senator for Louisiana. Republican.
Last Updated: Oct 6, 2016
Length: 2 pages
What legislators are saying
“Vitter, Warren Pass Legislation to Cap Pay Raises for Fannie Mae and Freddie Mac”
— Sen. Elizabeth Warren [D-MA] (Co-sponsor) on Sep 16, 2015
This bill incorporates provisions from:
Sep 15, 2015
Bills and resolutions are referred to committees which debate the bill before possibly sending it on to the whole chamber.
Sep 15, 2015
Passed Senate (House next)
The bill was passed in a vote in the Senate. It goes to the House next. The vote was by Unanimous Consent so no record of individual votes was made.
Nov 16, 2015
The bill was passed by both chambers in identical form. It goes to the President next who may sign or veto the bill. The vote was by voice vote so no record of individual votes was made.
Nov 25, 2015
Enacted — Signed by the President
The President signed the bill and it became law.
S. 2036 (114th) was a bill in the United States Congress.
A bill must be passed by both the House and Senate in identical form and then be signed by the President to become law.
Bills numbers restart every two years. That means there are other bills with the number S. 2036. This is the one from the 114th Congress.
This bill was introduced in the 114th Congress, which met from Jan 6, 2015 to Jan 3, 2017. Legislation not passed by the end of a Congress is cleared from the books.
How to cite this information.
We recommend the following MLA-formatted citation when using the information you see here in academic work:
GovTrack.us. (2023). S. 2036 — 114th Congress: Equity in Government Compensation Act of 2015. Retrieved from https://www.govtrack.us/congress/bills/114/s2036
“S. 2036 — 114th Congress: Equity in Government Compensation Act of 2015.” www.GovTrack.us. 2015. January 26, 2023 <https://www.govtrack.us/congress/bills/114/s2036>
Equity in Government Compensation Act of 2015, Pub. L. No. 114-93, S. 2036, 114th Cong..
|title=S. 2036 (114th)
|accessdate=January 26, 2023
|author=114th Congress (2015)
|date=September 15, 2015
|quote=Equity in Government Compensation Act of 2015
Where is this information from?
GovTrack automatically collects legislative information from a variety of governmental and non-governmental sources. This page is sourced primarily from Congress.gov, the official portal of the United States Congress. Congress.gov is generally updated one day after events occur, and so legislative activity shown here may be one day behind. Data via the congress project.