A bill seeking to block the proposed pay raises for Fannie Mae and Freddie Mac CEOs was passed with bipartisan support this week by the House Financial Services Committee. As controversial talks of pay raises for Fannie and Freddie CEOs intensified, Rep. Ed Royce, R-CA, continued to push his legislation to cap the salaries with H.R. 2243, the Equity in Government Compensation Act of 2015. Royce was adamant and said Congress needs to put a stop to the “planned multi-million dollar paydays” at the GSEs. The CEOs could have gotten up to $4 million each in annual total compensation. Earlier this month, the Federal Housing Finance Agency authorized the removal of a pay cap.