H.R.940: United States Covered Bond Act of 2011

About This Bill

  • This bill was introduced in the 112th Congress
  • This bill is primarily about health
  • Introduced March 8, 2011
  • Latest Major Action Dec. 31, 2012

Bill Summary

United States Covered Bond Act of 2011 - (Sec. 3) Directs the Secretary of the Treasury to establish a regulatory oversight program for specified recourse debt obligations of an eligible issuer (covered bonds) that provides for such bonds to be maintained in a manner consistent with safe and sound asset-liability management and other financial practices. Subjects a covered bond to this Act only if it is issued by an eligible issuer under a...

(Source: Library of Congress)

Congressional Budget Office Estimate

The Congressional Budget Office has produced a cost estimate for H.R.940.

Bill Actions

Date Description
Referred to the Committee on Financial Services, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Referred to House Financial Services
Referred to House Ways and Means
Hearings Held by the Subcommittee on Capital Markets and Government Sponsored Enterprises Prior to Referral.
Referred to the Subcommittee on Capital Markets and Government Sponsored Enterprises.
Subcommittee Consideration and Mark-up Session Held.
Subcommittee Consideration and Mark-up Session Held.
Forwarded by Subcommittee to Full Committee (Amended) by Voice Vote .
Committee Consideration and Mark-up Session Held.
Ordered to be Reported (Amended) by the Yeas and Nays: 44 - 7 and 3 Present.
Reported (Amended) by the Committee on Financial Services. H. Rept. 112-407, Part I.
House Committee on Ways and Means Granted an extension for further consideration ending not later than March 30, 2012.
House Committee on Ways and Means Granted an extension for further consideration ending not later than May 18, 2012.
House Committee on Ways and Means Granted an extension for further consideration ending not later than June 29, 2012.
House Committee on Ways and Means Granted an extension for further consideration ending not later than Sept. 14, 2012.
House Committee on Ways and Means Granted an extension for further consideration ending not later than Nov. 16, 2012.
House Committee on Ways and Means Granted an extension for further consideration ending not later than Nov. 30, 2012.
House Committee on Ways and Means Granted an extension for further consideration ending not later than Dec. 14, 2012.
House Committee on Ways and Means Granted an extension for further consideration ending not later than Dec. 21, 2012.
House Committee on Ways and Means Granted an extension for further consideration ending not later than Dec. 31, 2012.
Committee on Ways and Means discharged.
Placed on the Union Calendar, Calendar No. 542.
March 8, 2011

Introduced in the House by Scott Garrett (R-N.J.)

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