3.0.0 6659 2019-11-15T20:55:41Z 2019-11-15T20:55:41Z House H HR 2008-07-30 110 hsba00 Financial Services Committee House Standing Referred to 2008-07-30T14:03:15Z 2008-07-30 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2008-07-30 Introduced in House IntroReferral Intro-H 9 Library of Congress 2008-07-30 Introduced in House IntroReferral 1000 9 Library of Congress G000548 Rep. Garrett, Scott [R-NJ-5] Scott Garrett R NJ 5 N B000013 Rep. Bachus, Spencer [R-AL-6] SPENCER BACHUS R AL 6 2008-09-15 False W000267 Rep. Weldon, Dave [R-FL-15] DAVE WELDON R FL 15 2008-10-02 False H001036 Rep. Hensarling, Jeb [R-TX-5] Jeb Hensarling R TX 5 2008-10-02 False B001256 Rep. Bachmann, Michele [R-MN-6] Michele Bachmann R MN 6 2008-10-02 False Finance and Financial Sector Administrative law and regulatory procedures Bank accounts, deposits, capital Banking and financial institutions regulation Department of the Treasury Federal Deposit Insurance Corporation (FDIC) Federal Reserve System Securities Finance and Financial Sector 00 2008-07-30 Introduced in House 2008-10-10T21:13:47Z 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.

]]> Equal Treatment of Covered Bonds Act of 2008 Short Titles as Introduced Equal Treatment of Covered Bonds Act of 2008 Display Title Equal Treatment of Covered Bonds Act of 2008 Official Title as Introduced To amend the Federal Deposit Insurance Act to provide the same treatment for covered bonds as for other qualified financial contracts to which a depository institution is a party when such institution is in receivership or conservatorship, and for other purposes. Introduced in House 2008-07-30T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-110hr6659ih/xml/BILLS-110hr6659ih.xml 2008-07-30 Referred to the House Committee on Financial Services. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.