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H.R. 6864: To prohibit golden parachute payments for former executives and directors of Fannie Mae and Freddie Mac.

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H.R. 6864: To prohibit golden parachute payments for former executives and directors of Fannie Mae and Freddie Mac.

110th Congress · introduced 2008-09-10 · Finance and Financial Sector · Latest: Referred to the House Committee on Financial Services.

federal

Follow this bill, step by step

  1. Where it came from: introduced 2008-09-10 · official record
  2. Who proposed it: Rep. King, Steve [R-IA-5] · what a sponsor is
  3. What happened next: no floor votes in our records yet. Why?
  4. Where it stands now: Referred to the House Committee on Financial Services. Not final yet: this can still change. We check for updates every day.
  5. If it becomes law and spends money: follow the money to money laws, then agencies and contracts and grants.

What does this mean?

Official title

To prohibit golden parachute payments for former executives and directors of Fannie Mae and Freddie Mac.

Plain summary

Amends the Federal Housing Enterprises Financial Safety and Soundness Act of 1992, as amended by the Federal Housing Finance Regulatory Reform Act of 2008, to require the Director of the Federal Housing Finance Agency to prohibit any golden parachute payment on or after enactment of this Act with respect to any executive officer or member of the board of directors of: (1) the Federal National Mortgage Association (Fannie Mae) and any affiliate; (2) Federal Home Loan Mortgage Corporation (Freddie Mac) and any affiliate; and (3) any Federal Home Loan Bank.

Congressional Research Service summary (Introduced in House), quoted unchanged (nonpartisan). Read the source.

What a vote does

A “Yea” vote

If it passes both chambers and is signed, it becomes law.

A “Nay” vote

If it is not passed, current law stays as it is.

PSI Sci description of the legislative step (not an opinion).

What does this mean? (plain words)

Official text

To prohibit golden parachute payments for former executives and directors of Fannie Mae and Freddie Mac.

Source: Congressional Research Service summary (Introduced in House)

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The strongest published arguments

Arguments for (supporters)

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Arguments against (opponents)

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Alternatives

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How did my representative vote? · This bill's floor votes

Officials and money

Sponsor: Rep. King, Steve [R-IA-5] · 37 cosponsors

Cost estimate: No cost estimate published yet.

Cosponsors on this site

Tim Walberg (R-MI), Virginia Foxx (R-NC), Vern Buchanan (R-FL), John Boozman (R-AR), Robert E. Latta (R-OH), Peter Welch (D-VT), John R. Carter (R-TX), Steve Cohen (D-TN), Robert J. Wittman (R-VA)

No linked floor roll calls in our collected records yet. This does not mean the bill has never had a vote. Check the official bill history.

Sources

Record fed-us-cong110-hr6864 · catalog fed-us-congress-bills-cong110 · updated 2026-11-15 by psicol fed-bills-cong110