Press Releases

Democrats Cite Evidence that Republicans Take Conflicting Positions on Compensation for GSE Executives

f t # e
Washington, DC, November 15, 2011 | comments

WASHINGTON – During a markup in the Financial Services Committee today, Democrats cited evidence that Republicans are less committed to limiting compensation of executives of Fannie Mae and Freddie Mac than might be suggested by their support of the legislation under consideration, H.R. 1221, the “Equity in Government Compensation Act of 2011.”

share: f t

During a markup in the Financial Services Committee today, Democrats cited evidence that Republicans are less committed to limiting compensation of executives of Fannie Mae and Freddie Mac than might be suggested by their support of the legislation under consideration, H.R. 1221, the “Equity in Government Compensation Act of 2011.”

In 2009, the Financial Services Committee passed legislation which is very similar to the bill under consideration today, which would also restrict compensation to executives of Fannie Mae and Freddie Mac.  That year, all but two Republicans on the Committee voted against the bill and all but 15 Republicans voted against the bill when it passed the full House.  Today, all but one Republican on the House Financial Services Committee voted in favor of a similar bill.

The document (linked here) includes the language of the 2009 legislation, the vote tally in the House Financial Services Committee, and the vote tally on the House floor.

f t # e



Subscribe for Updates

Twitter Feed