This Act may be cited as the District of Columbia Chief Financial Officer Salary Home Rule Act.

Section 424(b)(2)(E) of the District of Columbia Home Rule Act (sec. 1–204.24b(b)(5), D.C. Official Code) is amended to read as follows: (E) Pay The Chief Financial Officer shall be paid at the greater of— (i) a rate such that the total amount of compensation paid during any calendar year is equal to the limit on total pay which is applicable during such year under section 5307 of title 5, United States Code, to an employee described in section 5307(d) of such title; or (ii) a rate established in law by the District of Columbia, except that any rate established under this clause which is applicable to any individual serving as the Chief Financial Officer shall not be reduced during any period of such individual’s service as the Chief Financial Officer..