Housing and Urban Affairs

Senate Hearing on Covered Bonds

On September 15, the Senate Committee on Banking, Housing and Urban Affairs held a hearing on the potential uses of and regulatory issues concerning covered bonds. Witnesses testifying included Honorable Scott Garrett, New Jersey, Julie L. Williams, First Senior Deputy Comptroller and Chief Counsel, OCC, Michael H. Krimminger, Deputy to the Chairman, FDIC, Scott A. Stengel, Partner, Orrick, Herrington & Sutcliffe LLP, on behalf of the U.S. Covered Bond Council, Securities Industry and Financial Markets Association, Kenneth A. Snowden, Professor, University of North Carolina at Greensboro, and Ric Campo, CEO, Camden Property Trust, on behalf of National Multi-Housing Council. Senate Testimony. Proposed Bill.  Hearing Webcast.