View Rule

View EO 12866 Meetings Printer-Friendly Version     Download RIN Data in XML

FHFA RIN: 2590-AA42 Publication ID: Fall 2015 
Title: Incentive-Based Compensation Arrangements 
Abstract:

FHFA, along with the Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the Office of Thrift Supervision, the National Credit Union Association, and the Securities Exchange Commission, intends to issue a regulation that will set forth requirements and processes with respect to incentive-based compensation provided to executive officers by the Federal National Mortgage Association (Fannie Mae); the Federal Home Loan Mortgage Corporation (Freddie Mac); the Federal Home Loan Banks, and the Office of Finance, pursuant to FHFA's disclosure and reporting requirements under section 956 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (12 U.S.C. 5641) and section 1311 of the Federal Housing Enterprises Financial Safety and Soundness Act (12 U.S.C. 4511). The regulation would require each regulated entity to disclose to FHFA the structures of all its incentive-based compensation arrangements; and prescribe regulatory guidelines that prohibit incentive-based arrangements that encourage inappropriate risk-taking.

 
Agency: Federal Housing Finance Agency(FHFA)  Priority: Other Significant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Proposed Rule Stage 
Major: No  Unfunded Mandates: No 
CFR Citation: 12 CFR 1232   
Legal Authority: 12 U.S.C. 4511(b)    12 U.S.C. 4513 to 4514    12 U.S.C. 4526    12 U.S.C. 5641   
Legal Deadline:
Action Source Description Date
Other  Statutory  Dodd-Frank, PL 111-203, 124 Stat. 1376 mandates to issue regulations by 9 months after enactment.  04/21/2011 
Timetable:
Action Date FR Cite
NPRM  04/14/2011  76 FR 21170   
NPRM Comment Period End  05/31/2011    
Second NPRM  12/00/2015 
Regulatory Flexibility Analysis Required: No  Government Levels Affected: None 
Small Entities Affected: No  Federalism: No 
Included in the Regulatory Plan: No 
RIN Information URL: www.regulations.gov; www.fhfa.gov   Public Comment URL: www.regulations.gov; www.fhfa.gov  
RIN Data Printed in the FR: No 
Related Agencies: Joint: TREAS/OCC, FRS, FDIC, null/null, NCUA, SEC; 
Agency Contact:
Maura Dundon
Associate General Counsel
Federal Housing Finance Agency
400 Seventh Street SW,
Washington, DC 20219
Phone:202 649-3961
Email: maura.dundon@fhfa.gov

Ellen Bailey
Managing Associate General Counsel
Federal Housing Finance Agency
400 Seventh Street SW,
Washington, DC 20219
Phone:202 649-3056
Email: ellen.bailey@fhfa.gov

Mary Pat Fox
Manager for Compensation, Division of Enterprise Regulation
Federal Housing Finance Agency
400 Seventh Street SW,
Washington, DC 20219
Phone:202 649-3215
TDD Phone:800 877-8339
Email: marypat.fox@fhfa.gov