CURB Act

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[S. 1990 Introduced in Senate (IS)]

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119th CONGRESS
  1st Session
                                S. 1990

  To permit the Director of the Federal Housing Finance Agency to set 
compensation for executive officers of Federal Home Loan Banks, and for 
                            other purposes.


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                   IN THE SENATE OF THE UNITED STATES

                              June 9, 2025

 Mr. Banks (for himself and Ms. Cortez Masto) introduced the following 
 bill; which was read twice and referred to the Committee on Banking, 
                       Housing, and Urban Affairs

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                                 A BILL


 
  To permit the Director of the Federal Housing Finance Agency to set 
compensation for executive officers of Federal Home Loan Banks, and for 
                            other purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Curtailing Unreasonable Remuneration 
at Banks Act'' or the ``CURB Act''.

SEC. 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) 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) by striking ``Notwithstanding'' and inserting 
                the following:
            ``(1) Withholding of compensation.--Notwithstanding''; and
                    (C) 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.''; and
            (2) by striking the second subsection (l) (relating to the 
        transition rule).
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