House Passes Bill to End Pay Raises for Fannie Mae and Freddie Mac CEOs

Washington Post, Nov. 16, 2015–McGregor, Jena

Monday evening, the U.S. House of Representatives voted to approve a bill that would suspend new annual target compensation of $4 million each for Freddie Mac CEO Donald Layton and Fannie Mae CEO Timothy Mayopoulos. If signed into law by President Obama, the bill would return the cap on their pay to $600,000.