Introduced:
Jun 9, 2025
Policy Area:
Finance and Financial Sector
Congress.gov:
Bill Statistics
2
Actions
1
Cosponsors
0
Summaries
1
Subjects
1
Text Versions
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Full Text
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Latest Action
Jun 9, 2025
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Actions (2)
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Type: IntroReferral
| Source: Senate
Jun 9, 2025
Introduced in Senate
Type: IntroReferral
| Source: Library of Congress
| Code: 10000
Jun 9, 2025
Subjects (1)
Finance and Financial Sector
(Policy Area)
Cosponsors (1)
(D-NV)
Jun 9, 2025
Jun 9, 2025
Full Bill Text
Length: 2,199 characters
Version: Introduced in Senate
Version Date: Jun 9, 2025
Last Updated: Nov 17, 2025 6:11 AM
[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[S. 1990 Introduced in Senate
(IS) ]
<DOC>
119th CONGRESS
1st Session
S. 1990
To permit the Director of the Federal Housing Finance Agency to set
compensation for executive officers of Federal Home Loan Banks, and for
other purposes.
_______________________________________________________________________
IN THE SENATE OF THE UNITED STATES
June 9, 2025
Mr. Banks (for himself and Ms. Cortez Masto) introduced the following
bill; which was read twice and referred to the Committee on Banking,
Housing, and Urban Affairs
_______________________________________________________________________
A BILL
To permit the Director of the Federal Housing Finance Agency to set
compensation for executive officers of Federal Home Loan Banks, and for
other purposes.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
[From the U.S. Government Publishing Office]
[S. 1990 Introduced in Senate
(IS) ]
<DOC>
119th CONGRESS
1st Session
S. 1990
To permit the Director of the Federal Housing Finance Agency to set
compensation for executive officers of Federal Home Loan Banks, and for
other purposes.
_______________________________________________________________________
IN THE SENATE OF THE UNITED STATES
June 9, 2025
Mr. Banks (for himself and Ms. Cortez Masto) introduced the following
bill; which was read twice and referred to the Committee on Banking,
Housing, and Urban Affairs
_______________________________________________________________________
A BILL
To permit the Director of the Federal Housing Finance Agency to set
compensation for executive officers of Federal Home Loan Banks, and for
other purposes.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
SECTION 1.
This Act may be cited as the ``Curtailing Unreasonable Remuneration
at Banks Act'' or the ``CURB Act''.
SEC. 2.
Section 7 of the Federal Home Loan Bank Act (12 U.
amended--
(1) in the first subsection
(l) (relating to withholding of
compensation)--
(A) in the subsection heading, by striking
``Withholding of Compensation'' and inserting
``Compensation of Executive Officers'';
(B) by striking ``Notwithstanding'' and inserting
the following:
``
(1) Withholding of compensation.--Notwithstanding''; and
(C) by adding at the end the following:
``
(1) Setting compensation.--Notwithstanding
(1) in the first subsection
(l) (relating to withholding of
compensation)--
(A) in the subsection heading, by striking
``Withholding of Compensation'' and inserting
``Compensation of Executive Officers'';
(B) by striking ``Notwithstanding'' and inserting
the following:
``
(1) Withholding of compensation.--Notwithstanding''; and
(C) by adding at the end the following:
``
(1) Setting compensation.--Notwithstanding
section 1318
(d) of the Federal Housing Enterprises Financial Safety and
Soundness Act of 1992 (12 U.
(d) of the Federal Housing Enterprises Financial Safety and
Soundness Act of 1992 (12 U.S.C. 4518
(d) ), the Director may
establish compensation for any executive officer of a Federal
Home Loan Bank that is reasonable and comparable in accordance
with regulations promulgated by the Director.''; and
(2) by striking the second subsection
(l) (relating to the
transition rule).
<all>
Soundness Act of 1992 (12 U.S.C. 4518
(d) ), the Director may
establish compensation for any executive officer of a Federal
Home Loan Bank that is reasonable and comparable in accordance
with regulations promulgated by the Director.''; and
(2) by striking the second subsection
(l) (relating to the
transition rule).
<all>