Garrett Announces Subcommittee Hearing To Review Proposal To Establish Covered Bond Framework
Capital Markets Subcommittee Chairman Scott Garrett announced the Subcommittee will convene a hearing on covered bonds this Friday, March 11 at 10 a.m. in room 2220 Rayburn. Subcommittee Chairman Garrett said, “Each year, the U.S. economy misses out on billions of dollars in capital formation to foreign competitors because of our lack of a covered bonds statutory framework. The…