On the recordNovember 9, 2011
I ask unanimous consent that the text of the bill be printed in the Record. There being no objection, the text of the bill was ordered to be printed in the Record, as follows: S. 1835 Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``United States Covered Bond Act''. SEC. 2. DEFINITIONS. For purposes of this Act, the following definitions shall apply: (1) Ancillary asset.--The term ``ancillary asset'' means-- (A) any interest rate or currency swap associated with 1 or more eligible assets, substitute assets, or other assets in a cover pool; (B) any credit enhancement or liquidity arrangement associated with 1 or more eligible assets, substitute assets, or other assets in a cover pool; (C) any guarantee, letter-of-credit right, or other secondary obligation that supports any payment or performance of 1 or more eligible assets, substitute assets, or other assets in a cover pool; and (D) any proceeds of, or other property incident to, 1 or more eligible assets, substitute assets, or other assets in a cover pool. (2) Corporation.--The term ``Corporation'' means the Federal Deposit Insurance Corporation.…
