Federal Home Loan Banks' Mission Activities Act
Sen. Cortez Masto Proposes Tripling Federal Home Loan Bank Funding for Affordable Housing
Legislative Progress
Key Points
Impact Analysis
Personal Impact
Life & Work
Executive officers at Federal Home Loan Banks would see their compensation restructured. Pay would be benchmarked to regional Federal Reserve Banks and similar publicly-subsidized institutions, and bonuses would be tied to mission achievements like community investment and affordable housing program participation. This could increase or decrease individual pay depending on current levels and mission performance.
“establish compensation for any executive officer of a Bank that is reasonable and comparable to compensation for employment at a regional Federal Reserve Bank or other similar publicly-subsidized financial institutions or financial services companies involving similar duties and responsibilities”
Programs
Milestones
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Sent to a congressional committee for expert review. The committee decides whether this bill moves forward.
Introduced in Senate
The bill was officially filed and given a number. It now enters the legislative queue.
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Source Information
Document Type
Congressional Bill
Official Title
Federal Home Loan Banks' Mission Activities Act
Data Sources
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