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H.R. 1221: Equity in Government Compensation Act of 2011

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H.R. 1221: Equity in Government Compensation Act of 2011

112th Congress · introduced 2011-03-29 · Housing and Community Development · Latest: Placed on the Union Calendar, Calendar No. 247.

federal

Follow this bill, step by step

  1. Where it came from: introduced 2011-03-29 · official record
  2. Who proposed it: Rep. Bachus, Spencer [R-AL-6] · what a sponsor is
  3. What happened next: no floor votes in our records yet. Why?
  4. Where it stands now: Placed on the Union Calendar, Calendar No. 247. 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

Equity in Government Compensation Act of 2011

Plain summary

Equity in Government Compensation Act of 2011 - Requires the Director of the Federal Housing Finance Agency to: (1) suspend the compensation packages approved for 2011 for the executive officers of the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac) (government-sponsored enterprises or GSEs); and (2) establish, in lieu of such packages, a compensation system for such officers in accordance with the schedules of compensation and benefits established and adjusted pursuant to the compensation schedule comparability requirements of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989. Expresses the sense of Congress that each executive officer of Fannie Mae and Freddie Mac performing services for an enterprise on the date of enactment of this Act whose compensation package is suspended should return to the Secretary of the Treasury (clawback) any compensation earned in 2010 and 2011 that was in excess of the maximum annual rate of basic pay authorized for a position in level I of the Executive Schedule. Instructs the Secretary of the Treasury to transfer any such amounts returned to the Secretary to a specified account in the Treasury for receiving gifts and proceeds from their sale or redemption, and dedicated to reducing the public debt. Subjects Fannie Mae and Freddie Mac executive officers to the executive compensation requirements of the Emergency Economic Stabilization Act of 2008. Prohibits the compensation of any executive officer of Fannie Mae or Freddie Mac whose compensation package is suspended under this Act from exceeding the compensation of the highest compensated employee of the Federal Housing Finance Agency. Establishes requirements for determining compensation rates for GSE employees according to the General Schedule for federal civil service employees. Declares that Fannie Mae and Freddie Mac employees shall not be considered federal employees.

Congressional Research Service summary (Reported to House amended, Part I), 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

Equity in Government Compensation Act of 2011

Source: Congressional Research Service summary (Reported to House amended, Part I)

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Alternatives

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

Officials and money

Sponsor: Rep. Bachus, Spencer [R-AL-6] · 19 cosponsors

Cost estimate: No cost estimate published yet.

Cosponsors on this site

Steve Womack (R-AR), Darrell Issa (R-CA)

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.

Words on this page, explained (1)
Authorization
A law that creates or continues a government program and says what it may do, often with a suggested spending ceiling. An authorization alone does not provide money; a separate appropriation does.

Plain meanings written from linked sources. All words.

Sources

Record fed-us-cong112-hr1221 · catalog fed-us-congress-bills-cong112 · updated 2026-11-15 by psicol fed-bills-cong112