12-U.S.C.-4518A
§4518A – Limitation On Bonuses to Executives of Fannie Mae and Freddie Mac
Pathway
Title 12 > Chapter 46 > Subchapter I > Part A > Section 4518a
Details
- Reference: Section 4518a
- Legend: §4518A – Limitation On Bonuses to Executives of Fannie Mae and Freddie Mac
- USCode Year: 2013
Provision Content
Notwithstanding any other provision in law, senior executives at the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation are prohibited from receiving bonuses during any period of conservatorship for those entities on or after April 4, 2012.
(Pub. L. 112–105, §16, Apr. 4, 2012, 126 Stat. 303.)
Codification
Section was enacted as part of the Stop Trading on Congressional Knowledge Act of 2012, also known as the STOCK Act, and not as part of the Federal Housing Enterprises Financial Safety and Soundness Act of 1992 which comprises this chapter.
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