A Comparison Of Securitization Regulation In Recent House And Senate Bills

Draft legislation recently released by the U.S. Senate Committee on Banking, Housing and Urban Affairs would, like a similar measure circulated in draft form by the U.S. House Committee on Financial Services, mandate retention of economic risk by securitizers, provide for increased disclosure in connection with offerings of asset-backed securities, and permit the Securities and Exchange Commission to increase the periodic reporting requirements for SEC-registered offerings of ABS.