S. 1990

Summary

S. 1990, the CURB Act, was introduced in the Senate on Jun 9, 2025 by Sen. Jim Banks (R) with 1 co-sponsor. It was referred to Banking, Housing, And Urban Affairs, and last saw action on Jun 9, 2025: Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Record

Text

S. 1990 has 1 co-sponsor.

119 S1990 IS: Curtailing Unreasonable Remuneration at Banks Act
 U.S. Senate
 2025-06-09
 text/xml
 EN
 Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.
 II  119th CONGRESS  1st Session  S. 1990  IN THE SENATE OF THE UNITED STATES   June 9, 2025   Mr. Banks  (for himself and  Ms. Cortez Masto ) introduced the following bill;
  which was read twice and referred to the  Committee on Banking, Housing, and Urban Affairs    A BILL
To permit the Director of the Federal Housing Finance Agency to set
  compensation for executive officers of Federal Home Loan Banks, and for other
 purposes.
1.
Short title
This Act may be cited as the   Curtailing Unreasonable Remuneration at Banks Act   or the   CURB Act  .
2.
Compensation for executive officers of Federal Home Loan Banks
Section 7 of the Federal Home Loan Bank Act ( 12 U.S.C. 1427 ) is amended—
(1)
in the first subsection (l) (relating to withholding of compensation)—
(A)
in the subsection heading, by striking
Withholding of compensation   and inserting
Compensation of executive officers  ;
(B)
by striking  Notwithstanding  and inserting the following:
(1)
Withholding of compensation
Notwithstanding
 ; and
(C)
by adding at the end the following:
(1)
Setting compensation
Notwithstanding section 1318(d) of the Federal Housing Enterprises Financial Safety and Soundness Act of 1992 ( 12 U.S.C. 4518(d) ), the Director may establish compensation for any executive officer of a Federal Home Loan Bank that is reasonable and comparable in accordance with regulations promulgated by the Director.
 ; and
(2)
by striking the second subsection (l) (relating to the transition rule).

Tracker

The tracker indicates the progress of this legislation as it moves through the legislative process.

A bill to permit the Director of the Federal Housing Finance Agency to set compensation for executive officers of Federal Home Loan Banks, and for other purposes.

Sponsors

Sen. Jim Banks (R) sponsors S. 1990, and 1 member has co-sponsored it from the day it was introduced.

Jim Banks

Sen. · R–IN · Sponsor

Introduced Jun 9, 2025

Catherine Cortez Masto

Sen. · D–NV · Co-sponsor

Joined Jun 9, 2025 · Original

Show 2 of 2 rows

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Committees

S. 1990 went before 1 committee: Banking, Housing, and Urban Affairs.

Banking, Housing, and Urban Affairs

Banking, Housing, and Urban Affairs

Referred To · Jun 9, 2025 · 465 Bills

Actions

S. 1990 has taken 2 actions since Jun 9, 2025.

Votes

S. 1990 has not gone to a roll call.

Titles

S. 1990 goes by 4 titles, 2 of them short titles.

• CURB Act — Display Title
• CURB Act — Short Title(s) as Introduced
• Curtailing Unreasonable Remuneration at Banks Act — Short Title(s) as Introduced
• A bill to permit the Director of the Federal Housing Finance Agency to set compensation for executive officers of Federal Home Loan Banks, and for other purposes. — Official Title as Introduced

Lobbying

3 clients hired 3 firms and 11 registered lobbyists who named S. 1990 in 11 quarterly filings, 2025 to 2026. Reported under the Lobbying Disclosure Act; a filing’s income covers everything its registrant worked that quarter, so the amounts below are the filings’, not this bill’s.

Filed under Financial Institutions/Investments/Securities, Banking, Agriculture, Budget/Appropriations, Civil Rights/Civil Liberties, Education, Firearms/Guns/Ammunition, Government Issues.

Clients

Who paid to be heard, by how many filings named the bill.

Firms

Registrants who filed on the bill, by filings.

Lobbyists

Named on the filings that cite the bill.

Filings

The documents themselves, on the Senate’s Lobbying Disclosure site, largest reported first.

Classification

The Congressional Research Service files S. 1990 under Finance and Financial Sector, one of its 31 policy areas.

CRS Subjects

CRS assigns every bill one policy area from its 31; S. 1990’s is Finance and Financial Sector.

Source: congress.gov · legiscan.com