Title 12 — Banks and Banking
Part A · Chapter 46 — Government Sponsored Enterprises
§ 4518a. Limitation on bonuses to executives of Fannie Mae and Freddie Mac
Statutory text
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 .
Legislative history
Reconstructed from this section’s Code source credit and amendment notes, resolved against the local Statutes at Large. Editorial notes are evidence, not the law that made the change.
Stop Trading on Congressional Knowledge Act of 2012
Pub. L. 112–105 § 16 · 126 Stat. 291
Enacted · 12 U.S.C. § 4518a
(Pub. L. 112–105, § 16, Apr. 4, 2012, 126 Stat. 303.)
Source evidence
Code source credit
(Pub. L. 112–105, § 16, Apr. 4, 2012, 126 Stat. 303.)Enacted provision · exact public law section
SEC. 16. LIMITATION ON BONUSES TO EXECUTIVES OF FANNIE MAE AND FREDDIE MAC. Notwithstanding Effective date. 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 the date of enactment of this Act.
1 of 1 references resolved to an enrolled provision
Editorial Notes
Codification
Section was enacted as part of the Representative Louise McIntosh Slaughter Stop Trading on Congressional Knowledge Act, 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.