,,ii  #aadth ,,congress  #ast ,session  
,s4 #bjcf  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,september #ae1
 #bjae,mr4 ,vitter 7for himself and ,ms4
 ,warren7 introduced the following bill2
 which was read twice1 considered1 read 
the third time1 and passed  ,a ,,bill   
,to suspend the current compensation    
packages for the chief executive        
officers of ,fannie ,mae and ,freddie   
,mac1 and for other purposes4  #a4      
,short title ,this ,act may be cited as 
the ,equity in ,government ,compensation
 ,act of #bjae4  #b4 ,definitions ,in   
this ,act3  7#a7 ,director ,the term    
,director means the ,director of the    
,federal ,housing ,finance ,agency4     
7#b7 ,enterprise ,the term enterprise   
means--  7,a7 the ,federal ,national    
,mortgage ,association and any affiliate
 thereof2 and  7,b7 the ,federal ,home  
,loan ,mortgage ,corporation and any    
affiliate thereof4  #c4 ,reasonable pay 
for chief executive officers  7a7       
,suspension of current compensation     

package and limitation ,the ,director   
shall suspend the compensation packages 
approved for #bjae for the chief        
executive officers of each enterprise   
and1 in lieu of such packages1 subject  
to the limitation under subsection 7b71 
establish the compensation and benefits 
for each such chief executive officer at
 the same level in effect for such      
officer as of ,january #a1 #bjae1 and   
such compensation and benefits may not  
thereafter be increased4  7b7           
,limitation on bonuses ,subsection 7a7  
shall not be construed to affect the    
applicability of section #af of the     
,,stock ,act 7#ab ,u4,s4,c4 #deah;a7 to 
the chief executive officer of each     
enterprise4  7c7 ,applicability         
,subsection 7a7 shall only apply to a   
chief executive officer of an enterprise
 if the enterprise is in conservatorship
 or receivership pursuant to section    
#acfg of the ,federal ,housing          
,enterprises ,financial ,safety and     
,soundness ,act of #aiib 7#ab ,u4,s4,c4 

#dfag74  #d4 ,fannie and ,freddie chief 
executive officers not ,federal         
employees ,any chief executive officer  
affected by any provision under section 
#c shall not be considered a ,federal   
employee4