SIFMA submits comments to the U.S. House of representatives strongly urging the passage of the Restoring Proven Financing for American Employers Act, H.R. 4167. The bipartisan legislation would provide a limited and narrow adjustment to the Volcker Rule to ensure that the market for securitizations of commercial loans is not unduly disrupted.

H.R. 4167 is an important clarification of how the Volcker Rule should affect the securitization of commercial loans and will prevent unnecessary disruptions to the flow of capital to middle market and larger companies that rely on collateralized loan obligations (CLOs) for credit.