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The Proposed United States Covered Bond Act of 2010

The Banking Law Journal
July 2010

Recently, the United States Covered Bond Act of 2010 was proposed in Congress. The Act would create a comprehensive statutory regime for the issuance of covered bonds by banks, bank holding companies, and certain other eligible issuers similar to that which exists for issuers in many European jurisdictions. The authors explain the important provisions of the Act and conclude it is a meaningful step forward in the development of a U.S. covered bond market.

This article was originally published in The Banking Law Journal.