CLO managers have received some Congressional backing for their efforts to curb the impact of forthcoming risk-retention standards.

A bipartisan U.S. House resolution was introduced Friday that would create a “qualified” exemption from upcoming risk-retention requirements that go into effect for new CLOs issued after December 2016. The bill creates a standard for designating a “qualified” CLO that would meet  prescribed standards for asset quality, minimum capital structures and other criteria.

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