On March 2, 2016 the House Financial Services Committee approved H.R. 4166, the Expanding Proven Financing for American Employers Act with a bipartisan vote of 42-15. H.R. 4166, co-sponsored by Representatives Andy Barr (R-KY) and David Scott (D-GA), creates a workable risk retention regime for “qualified” collateralized loan obligations (“QCLOs”).
SFIG has been working with policymakers to urge the passage of the bill and looks forward to the CLO industry continuing to support real economy growth through investment in local businesses and communities, while also remaining true to the goals of risk retention.
To view the bills approved by the Committee and their vote totals, please click here.
To view SFIG letter on QCLO and CRE legislation, please click here.
To learn more about SFIG’s advocacy efforts, please contact Michael.Flood@sfindustry.org.