Legislation creating a secondary market in small business and commercial real estate loans appears closer to reality as congressional staffers negotiate final language of banking legislation in preparation for a public House/Senate conference on differing bills, a meeting likely to be held this week.

Staffers are working on the proposition Rep. John D. Dingell, D-Mich., powerful chairman of the House Energy and Commerce Committee, will support securitization of these instruments, including commercial real estate loans, according to congressional staffers and industry lobbyists.

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