STOP Act

[AI summary unavailable — showing source text] Stop the Outrageous Pay at Fannie and Freddie Act or STOP Act - Requires the Director of the Federal Housing Finance Agency (FHFA) to: (1) suspend the compensation packages approved for 2011 for the executive officers of the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac) (government sponsored enterprises or GSEs); and (2) establish a compensation system for the executive officers and all other employees of each GSE in accordance with the compensation and benefit schedules established and adjusted pursuant to the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (FIRREA). Sets the maximum rate of compensation and benefits that an executive officer or employee of a GSE may receive at the rate of compensation and benefits of the highest compensated executive or employee of an agency enumerated in FIRREA (Federal Deposit Insurance Corporation [FDIC], the Comptroller of the Currency, the National Credit Union Administration [NCUA] Board, the FHFA, the Office of Financial Research, the Consumer Financial Protection Bureau [CFPB], the Farm Credit Administration, or the Commodity Futures Trading Commission …