In a Federal Deposit Insurance Corp. (FDIC) statement released today on the legislative proposals to create a U.S. covered bond market, the agency said that it has "significant concerns" regarding the United States Covered Bond Act of 2011 (H.R. 290).

The statement was released for the Congressional hearing today on H.R. 290 held with the subcommittee on capital markets and GSEs that featured securitization experts including Natixis Managing Director Ralph Daloisio. who represented the American Securitization Forum.

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