The proposed legislation, known as the Curtailing Unreasonable Remuneration at Banks Act or CURB Act , grants the Director of the Federal Housing Finance Agency (FHFA) new authority over executive compensation at Federal Home Loan Banks (FHLBs). It amends the Federal Home Loan Bank Act to permit the Director to directly establish compensation for FHLB executive officers. This compensation must be reasonable and comparable , and will be set in accordance with regulations promulgated by the Director. This provision aims to enhance the FHFA's ability to oversee and control executive remuneration within the FHLB system, overriding previous limitations.