New Jersey Rep. Garrett introduces the U.S. Covered Bond Act
Rep. Scott Garrett (R-NJ) has announced the introduction of the United States Covered Bond Act, with support from Rep. Paul E. Kanjorski (D-PA) and Financial Services Committee Ranking Member Spencer Bachus (R-AL) as leading co-sponsors. This legislation aims to help facilitate a robust covered bonds market in the U.S. to add liquidity and certainty to our nation`s capital markets.