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Home » Store » Legislation » Congress Passes GSE Bonus-Killing STOCK Act, Bill Also Requires Lawmaker, White House Mortgage Disclosures

Congress Passes GSE Bonus-Killing STOCK Act, Bill Also Requires Lawmaker, White House Mortgage Disclosures

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Legislation

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Nearly two months after the House and Senate overwhelmingly voted to curtail bonus payments to Fannie Mae and Freddie Mac executives, congressional lawmakers last week approved a final bill to send to the president’s desk for signature. Among the amendments included in the Stop Trading on Congressional Knowledge Act of 2012 – which would bar members of Congress and staffers from using non-public, inside information for personal benefit – are prohibitions on bonus payments to top executives of the two government-sponsored enterprises while they remain in conservatorship. The STOCK Act also...
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