Amendments to Covered Bond Bill (H.R. 5823) at Markup (July 28)

Several amendments to H.R. 5823 — the latest version of covered bond legislation in Congress — were added to the bill during the markup session of the House Financial Services Committee (HFSC) before the HSFC voted to report the bill to the House floor.

• A four-page amendment from Rep. Melissa Bean (D-IL) provides for a system of joint regulation by a variety of entities instead of oversight by a single regulator.

To download a PDF of the Bean amendment, click on "20100728 bean" under "Attachments," below.

• A one-sentence second-degree amendment from Rep. Scott Garrett (R-NJ) strikes a line in the Bean amendment.

To download a PDF of the Garrett secondary amendment, click on "20100728 garrett" under "Attachments," below.

• An amendment from Rep. Paul Kanjorski (D-PA), accepted by voice vote, is not yet available here.

Also, an additional amendment from Rep. Bean, which was offered and withdrawn, is not included here.