Warren, Tillis look to enforce GSE salary caps

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WASHINGTON, April 15– The office of Sen. Thom Tillis, R-North Carolina, issued the following news release: senators thom tillis (R-NC) and Elizabeth Warren (D-MA) both members of the Senate Banking Committee with jurisdiction over Fannie Mae and Freddie Mac, recently introduced the Respect the Caps.

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Warren, Tillis look to enforce GSE salary caps By neil haggerty published april 12 2019, 2:44pm EDT WASHINGTON – Two members of the Senate Banking Committee have introduced bipartisan legislation to enforce the salary caps of the chief executives at the mortgage giants Fannie Mae and Freddie Mac.

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The name of the bill says it all. The bipartisan "Respect the Caps Act", introduced this week by Senate Banking Committee members Thom Tillis, R-NC, and Elizabeth Warren, D-MA, is intended to enforce the salary caps Congress imposed on the CEOs of Fannie Mae and Freddie Mac in 2015. The caps came in the wake of the financial crisis.

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Warren, Tillis look to enforce GSE salary caps 04/12/19 A bipartisan proposal would allow for the removal of the FHFA director if the agency approves CEO salary increases at Fannie and Freddie beyond $600,000.

Warren, Tillis look to enforce GSE salary caps A bipartisan proposal would allow for the removal of the FHFA director if the agency approves CEO salary increases at Fannie and Freddie beyond $600,000.

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