S. 3458 would prohibit golden parachute payments for former executives and directors of Fannie Mae and Freddie Mac.

== Detailed Summary ==

<summary>
(Log in to editAmends the wikiFederal Housing Enterprises Financial Safety and beSoundness Act of 1992, as amended by the firstFederal Housing Finance Regulatory Reform Act of 2008, to provide a detailed summaryrequire the Director of the bill!)Federal Housing Finance Agency to prohibit any golden parachute payment on or after enactment of this Act with respect to any executive officer or director of: (1) the Federal National Mortgage Association (Fannie Mae) and any affiliate; (2) Federal Home Loan Mortgage Corporation (Freddie Mac) and any affiliate; and (3) any Federal Home Loan Bank.
</summary>

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== Status of the Legislation ==

<status>
(Log inLatest Major Action: 9/9/2008: Referred to edit the wikiSenate committee. Status: Read twice and be the firstreferred to update the status of the bill!)Committee on Banking, Housing, and Urban Affairs.
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== Points in Favor ==

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== Points Against ==

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