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Legal Spotlight

US Congress is considering new legislation that could enable CDO issuers to sell greater chunks of their CDOs to pension plan investors. Todd Garvelink and Howard Mulligan explain

The great pension debate

The pension reform proposals currently working their way through US Congress may lead to an increase in the sale of the equity tranches of collateralised debt obligations (CDOs) to employee benefit plan investors. While both chambers of Congress, the House of Representatives and the Senate, have passed bills, conference committee negotiations have been slow in reconciling

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