119-S1990
CURB Act
Last action was on 6-9-2025
SenateCurrent status is Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
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119th CONGRESS
1st Session
S. 1990
1. Short title2. Compensation for executive officers of Federal Home Loan Banks1. Short title
This Act may be cited as the "Curtailing Unreasonable Remuneration at Banks Act" or the "CURB Act".
2. Compensation for executive officers of Federal Home Loan Banks
Section 7 of the Federal Home Loan Bank Act (12 U.S.C. 1427) is amended—
(1) Withholding of compensation - 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) Withholding of compensation - by striking "Notwithstanding" and inserting the following:
(1) Withholding of compensation - Notwithstanding
(C) Setting compensation - 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.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.
(2) - by striking the second subsection (l) (relating to the transition rule).