CURB Act

The CURB Act amends rules governing executive compensation at Federal Home Loan Banks, directly affecting their top executives. It replaces outdated "withholding" language with a new provision allowing the Director of the Federal Housing Finance Agency to establish compensation that is "reasonable and comparable" through regulations. This change overrides a prior 1992 law, giving the Director authority to set pay standards for these executives without needing to follow the previous framework. The bill focuses solely on setting the mechanism for compensation review, not on specific pay amounts or broader financial reforms.