Title 12, Banks and BankingRelease 119-102
§4518a Limitation on Bonuses to Executives of Fannie Mae and Freddie Mac
Title 12 › CHAPTER 46 — GOVERNMENT SPONSORED ENTERPRISES › SUBCHAPTER I — SUPERVISION AND REGULATION OF ENTERPRISES › Part A — Financial Safety and Soundness Regulator › § 4518a
Summary
Top executives at Fannie Mae and Freddie Mac cannot receive bonuses while those companies are under conservatorship on or after April 4, 2012.
Full Legal Text
Title 12, §4518a
Banks and Banking, Source: USLM XML via OLRC
Notwithstanding any other provision in law, senior executives at the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation are prohibited from receiving bonuses during any period of conservatorship for those entities on or after April 4, 2012.
Legislative History
Notes & Related Subsidiaries
Editorial Notes
Codification Section was enacted as part of the Representative Louise McIntosh Slaughter Stop Trading on Congressional Knowledge Act, also known as the STOCK Act, and not as part of the Federal Housing Enterprises Financial Safety and Soundness Act of 1992 which comprises this chapter.
Reference
Citations & Metadata
Citation
12 U.S.C. § 4518a
Title 12, Banks and Banking
Last Updated
Aug 21, 2026
Release point: 119-102