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United States · Bill · HR

H.R. 6659 (110th)

Equal Treatment of Covered Bonds Act of 2008

referredUnited States· United States Congress· EN

Introduced

30 July 2008

Last action

30 July 2008 · Introduced

Status

Referred to the House Committee on Financial Services.

Sponsors

Rep. Garrett, Scott [R-NJ-5], Rep. Bachus, Spencer [R-AL-6], Rep. Weldon, Dave [R-FL-15], Rep. Hensarling, Jeb [R-TX-5], Rep. Bachmann, Michele [R-MN-6]

Subjects

Discovery layer

Source updated

14 August 2025

Official sourceDownload fileView documentsShare

Summary

Equal Treatment of Covered Bonds Act of 2008 - Amends the Federal Deposit Insurance Act to include a covered bond as a qualified financial contract with an insured depository institution, if it was entered into before appointment of the Federal Deposit Insurance Corporation (FDIC) as receiver for the institution, where a person has the right to cause the contract's termination, liquidation, or acceleration upon such an appointment. Defines such a bond as a nondeposit recourse debt obligation of an insured depository institution, with a term to maturity of at least one year, which is secured by specifically identified assets which are performing in accordance with the terms of the contracts which created the assets. Declares federal banking agency regulations inapplicable to any covered bond unless they are prescribed jointly by the Secretary of the Treasury, the Board of Governors of the Federal Reserve System, the Comptroller of the Currency, the Director of the Office of Thrift Supervision, and the Board of Directors of the FDIC.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 30 July 2008

    Introduced

    Referred to the House Committee on Financial Services.

    Source: IntroReferral

  2. 30 July 2008

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 30 July 2008

    Introduced

    Introduced in House

    Source: IntroReferral

Votes

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Versions

Documents

3 official files

Introduced in House (text)

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  • Introduced in House (text)

    Introduced in House · EN · 30 July 2008

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  • Introduced in House (PDF)

    Introduced in House · EN · 30 July 2008

    ViewDownloadOpen at official source

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  • Introduced in House

    summary · EN · 30 July 2008

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Sponsors

Related records

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Sources

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