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FHFA RIN: 2590-AA08 Publication ID: Fall 2010 
Title: Golden Parachute and Indemnification Payments 
Abstract: The Housing and Economy Recovery Act of 2008 amended section 1318(e) of the Federal Housing Enterprises Financial Safety and Soundness Act of 1992 to provide additional authorities for FHFA in addressing certain compensation and benefits, specifically golden parachute payments and indemnification payments. This amendment added a new paragraph (e)(2) to section 1318 addressing regulation and prohibition of these benefits. On September 16, 2008, FHFA issued an interim final rule with request for comments addressing golden parachute payments; then subsequently on November 14, 2008, issued a proposed amendment to the interim final rule that addressed indemnification payments. On January 29, 2009, FHFA issued a final rule on golden parachute payments; then subsequently on June 29, 2009, issued a proposed rule amending the final rule. Because FHFA believed it is useful to provide an opportunity to the public to read and comment on both the proposed golden parachute payments and indemnification payments amendments in context, the proposed rule of June 29, 2009, addressed in more detail prohibited and permissible golden parachute payments and re-proposed the indemnification payments amendments that were first proposed on November 14, 2008. 
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 1231   
Legal Authority: 12 USC 4518(e), 4526   
Legal Deadline:  None
Timetable:
Action Date FR Cite
Interim Final Rule  09/16/2008  73 FR 53356   
Interim Final Rule Effective  09/16/2008    
Correction  09/19/2008  73 FR 54309   
Correction  09/23/2008  73 FR 54673   
Interim Final Rule Comment Period End  10/31/2008  73 FR 53356   
Proposed Amendment  11/14/2008  73 FR 67424   
Proposed Amendment Comment Period End  12/29/2008    
Final Rule  01/29/2009  74 FR 5101   
NPRM  06/29/2009  74 FR 30975   
NPRM Comment Period End  07/29/2009    
NPRM  12/00/2010    
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 or by email: RegComments@fhfa.gov  
RIN Data Printed in the FR: No 
Agency Contact:
Tina Dion
Associate General Counsel
Federal Housing Finance Agency
400 Seventh Street, SW,
Washington, DC 20024
Phone:202 649-3065
TDD Phone:800 877-8339
Email: tina.dion@fhfa.gov

Donna Ely
Associate General Counsel
Federal Housing Finance Agency
400 Seventh Street SW.,
Washington, DC 20024
Phone:202 649-3068
TDD Phone:800 877-8339
Email: donna.ely@fhfa.gov

Christopher T. Curtis
Principal Deputy General Counsel
Federal Housing Finance Agency
400 Seventh Street SW,
Washington, DC 20219
Phone:202 649-3051
TDD Phone:800 877-8339
Email: christopher.curtis@fhfa.gov