HFSC to hear amended US bill that could neuter FDIC
The House Financial Services Committee has scheduled a markup for tomorrow (Tuesday) of an amended version of the United States Covered Bond Act of 2010. The new language is understood to take into account some concerns raised by Senators who in June rejected a proposed covered bond amendment in the Dodd-Frank Act, and appears to be designed to deal with the Federal Deposit Insurance Corporation’s opposition to key provisions of the bill.
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