House Conferees' Covered Bond Provisions for House-Senate Conference Committee

The final shape of the financial services reform bill — a compromise between versions previously passed separately by the U.S. House of Representatives and the Senate — will be determined by a House-Senate conference committee comprised of members from both chambers.  On June 22, the House conferees voted to include covered bond provisions as part of the compromise version they would like the Senate side to agree with.

The covered bond provisions in question were adapted from a still-pending House bill introduced earlier this year by Rep. Scott Garrett (R-NJ): The United States Covered Bond Act of 2010.

To download a PDF of the covered bond provisions urged by the House conferees, click on "House CB Amendment" under "Attachment," below.