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2002 U.S. Code
Title 12 - BANKS AND BANKING
CHAPTER 46 - GOVERNMENT SPONSORED ENTERPRISES
SUBCHAPTER I - SUPERVISION AND REGULATION OF ENTERPRISES
Part A - Financial Safety and Soundness Regulator
Sec. 4518 - Prohibition of excessive compensation
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§4518. Prohibition of excessive compensation (a) In general
§4518. Prohibition of excessive compensation (a) In general
The Director shall prohibit the enterprises from providing compensation to any executive officer of the enterprise that is not reasonable and comparable with compensation for employment in other similar businesses (including other publicly held financial institutions or major financial services companies) involving similar duties and responsibilities.
(b) Prohibition of setting compensationIn carrying out subsection (a) of this section, the Director may not prescribe or set a specific level or range of compensation.
(Pub. L. 102–550, title XIII, §1318, Oct. 28, 1992, 106 Stat. 3949.)
Section Referred to in Other SectionsThis section is referred to in section 4513 of this title.
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