119 S1990 IS: Curtailing Unreasonable Remuneration at Banks Act U.S. Senate 2025-06-09 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.

II119th CONGRESS1st SessionS. 1990IN THE SENATE OF THE UNITED STATESJune 9, 2025Mr. 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 AffairsA BILLTo permit the Director of the Federal Housing Finance Agency to set compensation for executive officers of Federal Home Loan Banks, and for other purposes.

1.

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)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).