Covered Bond Bill Gains the Attention of the Senate

November 18, 2011
The U.S. Senate recently introduced a companion bill to the “U.S. Covered Bonds Act of 2011” that was introduced earlier this year by Representatives Scott Garrett and Carolyn Maloney in the U.S. House of Representatives. While the Senate bill largely mirrors the amended legislation proposed by Garrett and Maloney, there are several key differences that have been incorporated into the Senate bill. This update summarizes the key distinctions between the two versions.