The House Financial Services Committee approved a bill Tuesday by a 52 to 4 vote that would limit executives' salaries at Fannie Mae and Freddie Mac and remove any extra "bonus" pay.

The bill, sponsored by Chairman Spencer Bachus, R-Ala., would cap top executive pay to $218,978 — a sharp contrast from the nearly $6 million compensation package Fannie and Freddie's CEOs now receive.

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