Although regulatory reform was expected to clear one hurdle to enactment on Wednesday, with the House poised to approve the final legislation, the bill's ultimate fate remains a cliffhanger as Senate leaders announced they would not consider it until after the Fourth of July recess.

The Senate's inability to complete the bill this week left it unclear if Democrats had the necessary votes to approve the final legislation and whether more trouble could develop during the break.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.