Bill · S. 1990· Senate(119-S-1990)
CURB Act
- Introduced
- 6/9/2025
- Last activity
- 6/9/2025 — Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- Sponsored by
- Jim Banks
- Cosponsors
- - 0 - 1
- Introduced
- In Committee
What this bill would do
This bill, known as the "Curtailing Unreasonable Remuneration at Banks Act" or the "CURB Act," aims to change how executive pay is handled at Federal Home Loan Banks. It would allow the Director of the Federal Housing Finance Agency to set compensation for executive officers at these banks. The bill requires that any established compensation be reasonable and comparable according to regulations set by the Director. This legislation amends Section 7 of the Federal Home Loan Bank Act.
Yes· 3 of 7
Does this give the federal government more power?+4
The bill increases federal power by granting the FHFA Director authority to set compensation for bank executives.
Does this make the government pay for what it commits to?+3
The bill enhances fiscal responsibility by allowing oversight of executive compensation to ensure it is reasonable and comparable.
Does this make what the government does easier for the public to see?+2
Standardizing executive compensation through formal regulations can improve financial transparency within these institutions.
The opposite· 3 of 4
Would high-income households be better off under this?-2
High-income individuals in executive roles may see their earning potential constrained by these new regulations.
Would people with substantial wealth be better off under this?-2
Executives at these institutions, often high net worth individuals, will face tighter compensation oversight.
Would the very wealthiest people be better off under this?-2
The regulatory cap on compensation could impact the earnings of top-tier bank executives.
Who it would affect, and how
Potential Positive Impacts for People
-
Standardized Pay Oversight: The Director of the Federal Housing Finance Agency would have the power to establish compensation for executive officers of Federal Home Loan Banks (Section 2). This could ensure that pay is regulated through specific regulations promulgated by the Director.
-
Reasonable Compensation Standards: The bill mandates that established compensation must be "reasonable and comparable" (Section 2). This provision is designed to ensure that executive pay meets specific standards set by the Director.
Potential Negative Impacts for People
- Changes to Existing Withholding Rules: The bill amends the subsection heading and structure regarding the "Withholding of Compensation" in the Federal Home Loan Bank Act (Section 2). This change alters how the compensation of executive officers is addressed in the current law.
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Demographic And Interest Groups
- Good For Low Income Households+1Good For Middle Class Households+1Good For Billionaires-2Good For High Income Households-2Good For High Net Worth Individuals-2Good For Ultra High Net Worth Individuals-2
- Governance And Ideology
- Increases Federal Power+4Improves Government Transparency+2
- Economy And Finance
- Improves Fiscal Responsibility+3Improves Consumer Protection+2
- Social Issues And Justice
- Improves Affordable Housing+2
- 6/9/2025
- Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- 1 Cosponsor added.
- Introduced in Senate
Catherine Cortez MastoDemocrat · Nevada