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Home » Covered Bonds Legislation Gets Close But No Cigar, Proponents Have to Wait for November Elections
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Covered Bonds Legislation Gets Close But No Cigar, Proponents Have to Wait for November Elections

April 12, 2012
Congressional supporters of creating a legislative framework for a covered bonds market in the U.S. fell short in an attempt to get covered bond provisions attached to the Jumpstart Our Business Startups (JOBS) Act approved by Congress before lawmakers broke for spring break. The JOBS Act was signed by President Obama last week and contains provisions to help companies go public, raise capital privately and remain private longer, as well as making a number of significant changes to the Securities Act of 1933 and the Securities Exchange Act of 1934. But it does not contain any of the provisions...
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