Sheila Bair, the chairman of the Federal Deposit Insurance Corp. (FDIC), said today that she expects the new rules on safe harbor protection for securitizations will be proposed in the next month or two.

In December 2009, the FDIC proposed more extensive amendments to the Safe Harbor to apply on a permanent basis. Having received extensive public comment on those proposals, the FDIC is extending the interim relief to provide more time to finalize the permanent changes.

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