SALARIES AND COMPENSATION PAID BY SYSTEM INSTITUTIONS.

SEC. 1843. SALARIES AND COMPENSATION PAID BY SYSTEM INSTITUTIONS. (a) Repeal of Authority of Farm Credit Administration to Approve Salaries and Compensation Paid by System Institutions.— (1) In general.— Section 5.17(a) (12 U.S.C. 2252(a)) is amended by striking paragraph (13). (2) Conforming amendment.— Section 6.6(a)(8)(B) (12 U.S.C. 2278a–6(a)(8)(B)) is amended by striking “notwithstanding the authority of the Farm Credit Administration to approve such matters”. (b) Inclusion of Compensation Analysis in Bank Examination.— Section 5.19(a) (12 U.S.C. 2254(a)) is amended by inserting after the third sentence the following: “Examination of banks shall include an analysis of the compensation paid to the chief executive officer and the salary scales of the employees of the bank.”.