Sec. 3. Reasonable pay for executive officers
136 words·~1 min read·
/bill/114/hr/2243/ih/section-3A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The Director shall suspend the compensation packages approved for 2015 for the executive officers of an enterprise and, in lieu of such packages, subject to the limitation under subsection (c), establish a compensation system for the executive officers of such enterprise in accordance with the schedules of compensation and benefits established and adjusted pursuant to section 1206 of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 ( 12 U.S.C. 1833b ).
An executive officer of an enterprise shall be subject to section 111 of the Emergency Economic Stabilization Act of 2008 ( 12 U.S.C. 5221 ), which relates to executive compensation and corporate governance. An executive officer of an enterprise whose compensation package is suspended under subsection
(a)shall not be compensated more than the highest compensated employee of the Federal Housing Finance Agency.
Connectionstraces to 2
Traces to 2 documents
Citation graph
cites case law
Cites 2Cited by 0 across 0 sources