US Congress Senate Bill 2036 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Bipartisan Bill
Status: Passed on November 25 2015 - 100% progression
Action: 2015-11-25 - Became Public Law No: 114-93. (TXT | PDF)
Text: Latest bill text (Enrolled) [PDF]

Equity in Government Compensation Act of 2015 (Sec. 3) This bill requires the Director of the Federal Housing Finance Agency to suspend the compensation packages approved for 2015 for the chief executive officers of the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation (government sponsored enterprises or GSEs), and any affiliates, and in lieu of such packages establish the compensation and benefits for each such chief executive officer at the same level in effect for that officer as of January 1, 2015. Such compensation and benefits may not thereafter be increased. This suspension shall not be construed to affect the prohibition of the STOCK Act against receipt of bonuses by the chief executive officer of each GSE during any period of conservatorship. It shall only apply to such a chief executive officer if the GSE is in conservatorship or receivership as a critically undercapitalized regulated entity pursuant to the Federal Housing Enterprises Financial Safety and Soundness Act of 1992. (Sec. 4) Any chief executive officer affected by this compensation package suspension shall not be considered a federal employee.

Equity in Government Compensation Act of 2015

Sen. David Vitter [R-LA]

Sen. Elizabeth Warren [D-MA]

Date	Chamber	Action
2015-11-25	House	Became Public Law No: 114-93. (TXT | PDF)
2015-11-25	House	Signed by President.
2015-11-19	House	Presented to President.
2015-11-16	House	Motion to reconsider laid on the table Agreed to without objection.
2015-11-16	House	On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H8221-8222)
2015-11-16	House	DEBATE - The House proceeded with forty minutes of debate on S. 2036.
2015-11-16	House	Considered under suspension of the rules. (consideration: CR H8221-8223)
2015-11-16	House	Mr. Hensarling moved to suspend the rules and pass the bill.
2015-09-16	House	Held at the desk.
2015-09-16	House	Received in the House.
2015-09-16	Senate	Message on Senate action sent to the House.
2015-09-15	Senate	Introduced in the Senate, read twice, considered, read the third time, and passed without amendment by Unanimous Consent. (consideration: CR S6659; text as passed Senate: CR S6659)

HB1577 (Related) 2015-03-24 - Referred to the House Committee on Financial Services.
HB2243 (Related) 2015-11-16 - Placed on the Union Calendar, Calendar No. 261.

Type	Source
Summary	https://www.congress.gov/bill/114th-congress/senate-bill/2036/all-info
Text	https://www.congress.gov/114/bills/s2036/BILLS-114s2036es.pdf
Text	https://www.congress.gov/114/bills/s2036/BILLS-114s2036cps.pdf
Text	https://www.congress.gov/114/bills/s2036/BILLS-114s2036enr.pdf