H.R. 6928 would allow the District of Columbia to set its own salary for the Chief Financial Officer, giving the city more control over executive compensation. Currently, federal law limits the CFO's pay to match federal salary caps under federal law. This bill would let D.C. establish a higher salary through local law if it chooses, while also preventing any salary reduction during an individual CFO's tenure. The legislation affects only the District's Chief Financial Officer position and would amend the D.C. Home Rule Act to clarify this authority. There is no specific funding or implementation timeline mentioned in the bill, as it simply grants D.C. the discretion to make its own compensation decisions going forward.
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