House GOP Attacks Fannie, Freddie Exec Pay

Law360, New York (January 22, 2010, 4:10 PM EST) -- Republican leaders on the U.S. House of Representatives' Financial Services Committee are attempting to roll back millions of dollars in compensation granted to executives at government-sponsored entities Fannie Mae and Freddie Mac, calling them an egregious example of misaligned performance and pay.

The Equity in Government Compensation Act, or H.R. 4476, was introduced Thursday in the House by top Republicans on the committee, including ranking member Spencer Bachus of Alabama, Judy Biggert of Illinois, Scott Garrett of New Jersey, Shelley Moore Capito of West Virginia and...
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