House Financial Services Committee Approves Green Amendment Targeting Runaway Executive Pay at Fannie Mae and Freddie Mac

House Financial Services Committee Approves Green Amendment Targeting Runaway Executive Pay at Fannie Mae and Freddie Mac

Washington (DC) – November 16, 2011 – (RealEstateRama) — Yesterday, the House Financial Services Committee approved an amendment sponsored by Congressman Al Green (TX-09) that would target executive compensation abuses at Fannie Mae and Freddie Mac by requiring that the pay of their senior executives be similar to that of other federal banking regulators.

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On January 4, 2007 U.S. Representative Al Green took the oath of office to serve the people of Texas’ 9th Congressional District and began his second term in the United States House of Representatives. As a veteran civil rights advocate, he has dedicated his life to fighting for those in society whose voices, too often, are not heard.

Congressman Green’s chief legislative priority for the 110th Congress is creating a Federal Living Wage. As the Democratic Whip for Region 6 and one of the newest members of the Committee on Homeland Security, Green is dedicated to increasing U.S. port and border security and reducing chemical, biological, radiological and nuclear threats. He also serves on the Financial Services Committee where he continues his fight to eliminate insurance, housing and lender practices that have historically victimized low and moderate income communities. Additionally, Congressman Green remains committed to increasing the levels affordable housing and ensuring that every American realizes the dream of homeownership.

Contact:

Alvaro 'Al' Ortiz (Press Secretary)
Office Phone: (713) 383 9234 Ext. 111
Cell Phone: (832) 606 5869

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