CBO Says Added Expense of Covered Bond Legislation Would Exceed Projected Revenue
October 15, 2010
The Congressional Budget Office estimates that legislation to create a regulatory framework for a covered bond market would increase federal budget deficits by $32 million over the 2011-2020 period, with most of the cost coming from its impact on the federal deposit insurance fund. The covered bond bill, H.R. 5823, would increase...