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The CURB Act: Permitting Compensation for Executive Officers of Federal Home Loan Banks
On June 9, 2025, Mr. Banks (for himself and Ms. Cortez Masto) introduced a bill in the Senate to permit the Director of the Federal Housing Finance Agency to set compensation for executive officers of Federal Home Loan Banks.
This bill, known as the “Curtailing Unreasonable Remuneration at Banks Act” or the “CURB Act,” aims to reform the current compensation structure for these executives.
Key Provisions
- S. 1990: 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.
- Section 1: Short Title – This Act may be cited as the “CURB Act” or the ‘‘Curtailing Unreasonable Remuneration at Banks Act’’
- Section 2: Compensation for Executive Officers of Federal Home Loan Banks. Section 7 of the Federal Home Loan Bank Act (128 U.S.C. 1427) is amended…
In particular, this bill amends section 7 of the Federal Home Loan Bank Act to allow the Director of the Federal Housing Finance Agency to set compensation for executive officers of Federal Home Loan Banks that is reasonable and comparable in accordance with regulations promulgated by the Director.
“Notwithstanding section 1318(d) of the Federal Housing Enterprises Financial Safety and Soundness Act of 1992, 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.”
The CURB Act aims to curb excessive executive compensation at banks.
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