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Equity in Government Compensation Act of 2015
Legislative Progress
Momentum (last 30 days)
0
score
0 actions · 0 new cosponsors · 0 votes
Speed vs cohort
84pct
71d open
vs 3,548 other S bills in the 114th — cohort avg 43d
(This measure has not been amended since it was introduced. The expanded summary of the Senate passed version is repeated here.) 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.
These links require the bill number to appear in the filing's source-reported specific issue text. Client expenses and lobbying-firm income are separate disclosure fields.
Filing registrants (2)
2015 · fourth_quarter · Housing
Lender delayed foreclosures and negative impact on community associations --Meetings with House and Senate urging FHFA to cease lawsuits against community associations exercising their lawful right to foreclose on vacant and abandoned properties where Fannie Mae and Freddie Mac mortgage servicers have failed to follow contractual obligations to foreclose in a timely manner and to urge that FHFA pursue negligent servicers to recover losses rather than suing non-profit community associations which are not at fault. --Prepared lobbying materials for CAI and CAI members for congressional contacts --Prepared lobbying materials for delivery to CAI members, generally --Comment letter concerning HUD regulation holding community associations vicariously liable for the illegal, discriminatory acts of third parties under the Fair Housing Act FHFA Activities to Shield Mortgage Servicers from Liabilities Incurred Under State Law Due to Servicer Negligence(Lien Priority) --Lobbying U.S. House and U.S. Senate concerning FHFA lobbying activities before Nevada Legislature to repeal or limit state statute providing priority for lawfully enforced association liens --Preparation of lobbying materials for CAI and CAI members for congressional contacts Federal Housing Administration Condominium Policy --Lobbying U.S. House and U.S. Senate concerning FHA condominium project approval standards in support of policies that will promote FHA project approval in the condominium housing space. --Review of new FHA mortgagee letters and policies concerning condominium project approval, including contact with FHA personnel --Meetings and lobbying in support of Title III of H.R. 3700 concerning improvements to FHA condominium project approval GSE/Housing Finance Reform --Lobbying U.S. House and U.S. Senate in support of policy that will account for the community association model of housing in legislation establishing a new housing finance system. --Specific policies encouraged include preservation of community association property standards; improvements in servicing mortgages secured by real property in a community association; preservation of state statutes providing priority for association liens arising from assessment delinquencies --H.R. 2243 & S. 2036, legislation to recalibrate compensation for Fannie Mae and Freddie Mac executives to Jan. 2015 levels; informational contacts concerning legislative scheduling-no lobbying activity. -- GSE Preferred Stock Purchase Agreement and prohibitions on 2 year liquidation of preferred shares by the U.S. Treasury included in H.R. 2029, the Omnibus Appropriations Act, Fiscal Year 2016 (PL 114-113) --Prohibition on the use of GSE credit guarantee fees for purposes other than housing finance and opposition to legislation diverting credit guarantee fees to pay for transportation infrastructure.
Became Public Law No: 114-93.
Became Public Law No: 114-93.
Signed by President.
Signed by President.
Presented to President.
Presented to President.
Motion to reconsider laid on the table Agreed to without objection.
On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H8221-8222)
Passed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by voice vote.(text: CR H8221-8222)
DEBATE - The House proceeded with forty minutes of debate on S. 2036.
Considered under suspension of the rules. (consideration: CR H8221-8223)
Bills with similar content found using semantic analysis.
Sources: Congress.gov
Client expense: $52,000 · Firm income: Not reported
Government targets: Federal Housing Finance Agency (FHFA), HOUSE OF REPRESENTATIVES, Housing & Urban Development, Dept of (HUD), SENATE
2015 · fourth_quarter · Housing
Lender delayed foreclosures and negative impact on community associations --Meetings with House and Senate urging FHFA to cease lawsuits against community associations exercising their lawful right to foreclose on vacant and abandoned properties where Fannie Mae and Freddie Mac mortgage servicers have failed to follow contractual obligations to foreclose in a timely manner and to urge that FHFA pursue negligent servicers to recover losses rather than suing non-profit community associations which are not at fault. --Prepared lobbying materials for CAI and CAI members for congressional contacts --Prepared lobbying materials for delivery to CAI members, generally --Comment letter concerning HUD regulation holding community associations vicariously liable for the illegal, discriminatory acts of third parties under the Fair Housing Act FHFA Activities to Shield Mortgage Servicers from Liabilities Incurred Under State Law Due to Servicer Negligence(Lien Priority) --Lobbying U.S. House and U.S. Senate concerning FHFA lobbying activities before Nevada Legislature to repeal or limit state statute providing priority for lawfully enforced association liens --Preparation of lobbying materials for CAI and CAI members for congressional contacts Federal Housing Administration Condominium Policy --Lobbying U.S. House and U.S. Senate concerning FHA condominium project approval standards in support of policies that will promote FHA project approval in the condominium housing space. --Review of new FHA mortgagee letters and policies concerning condominium project approval, including contact with FHA personnel --Meetings and lobbying in support of Title III of H.R. 3700 concerning improvements to FHA condominium project approval GSE/Housing Finance Reform --Lobbying U.S. House and U.S. Senate in support of policy that will account for the community association model of housing in legislation establishing a new housing finance system. --Specific policies encouraged include preservation of community association property standards; improvements in servicing mortgages secured by real property in a community association; preservation of state statutes providing priority for association liens arising from assessment delinquencies --H.R. 2243 & S. 2036, legislation to recalibrate compensation for Fannie Mae and Freddie Mac executives to Jan. 2015 levels; informational contacts concerning legislative scheduling-no lobbying activity. -- GSE Preferred Stock Purchase Agreement and prohibitions on 2 year liquidation of preferred shares by the U.S. Treasury included in H.R. 2029, the Omnibus Appropriations Act, Fiscal Year 2016 (PL 114-113) --Prohibition on the use of GSE credit guarantee fees for purposes other than housing finance and opposition to legislation diverting credit guarantee fees to pay for transportation infrastructure.
Client expense: Not reported · Firm income: $21,000
Government targets: Federal Housing Finance Agency (FHFA), HOUSE OF REPRESENTATIVES, Housing & Urban Development, Dept of (HUD), SENATE
2015 · third_quarter · Housing
Lender delayed foreclosures and negative impact on community associations --Meetings with House and Senate urging FHFA to cease lawsuits against community associations exercising their lawful right to foreclose on vacant and abandoned properties where Fannie Mae and Freddie Mac mortgage servicers have failed to follow contractual obligations to foreclose in a timely manner and to urge that FHFA pursue negligent servicers to recover losses rather than suing non-profit community associations which are not at fault. --Prepared lobbying materials for CAI and CAI members for congressional contacts --Prepared lobbying materials for delivery to CAI members, generally --Comment letter in support of FHA proposal to protect taxpayers from avoidable losses by canceling the mortgage insurance contract where FHA mortgagees and servicers have failed to foreclose and convey title of properties to the HUD Secretary pursuant to established timelines FHFA Activities to Shield Mortgage Servicers from Liabilities Incurred Under State Law Due to Servicer Negligence(Lien Priority) --Lobbying U.S. House and U.S. Senate concerning FHFA lobbying activities before Nevada Legislature to repeal or limit state statute providing priority for lawfully enforced association liens --Preparation of lobbying materials for CAI and CAI members for congressional contacts Federal Housing Administration Condominium Policy --Lobbying U.S. House and U.S. Senate concerning FHA condominium project approval standards in support of policies that will promote FHA project approval in the condominium housing space. GSE/Housing Finance Reform --Lobbying U.S. House and U.S. Senate in support of policy that will account for the community association model of housing in legislation establishing a new housing finance system. --Specific policies encouraged include preservation of community association property standards; improvements in servicing mortgages secured by real property in a community association; preservation of state statutes providing priority for association liens arising from assessment delinquencies --H.R. 2243 & S. 2036, legislation to recalibrate compensation for Fannie Mae and Freddie Mac executives to Jan. 2015 levels; informational contacts concerning legislative scheduling-no lobbying activity. TILA/RESPA Integrated Disclosure (TRID/Know Before You Owe) Initiative --Preparation of materials for CAI and CAI members concerning implementation of TRID/KBYO --Discussions with House Financial Services Committee concerning impact of TRID/KBYO on community associations and providing information in support of mortgage closing transactions
Client expense: Not reported · Firm income: $21,000
Government targets: Federal Emergency Management Agency (FEMA), Federal Housing Finance Agency (FHFA), HOUSE OF REPRESENTATIVES, Housing & Urban Development, Dept of (HUD), SENATE
Mr. Hensarling moved to suspend the rules and pass the bill.
Held at the desk.
Received in the House.
Message on Senate action sent to the House.
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)
Passed/agreed to in 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)
Introduced in Senate
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