U.S. Covered Bond Legislation Introduced in Congress

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On June 16, 2009, Republican Representative Scott Garrett and Democratic Representative Paul E. Kanjorski jointly introduced a bill in the U.S. House of Representatives to enact the “Equal Treatment of Covered Bonds Act of 2009.”1 Representatives Garrett and Kanjorski are a Ranking Member and the Chairman, respectively, of the House Financial Services Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises.

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