A commercial secondary market growth bill introduced by Rep. Paul E. Kanjorski, D-Pa., has the commercial real estate market and mortgage bankers closely eyeing the ramifications of regulatory waivers.

The bill's centerpiece is the certification of "secondary market facilitating organizations," which would be determined by the Treasury secretary. With this certification, any private or public entity that meets the prescribed eligibility standards would receive Treasury Department waivers from a wide array of statutes and regulations in order to promote the development of a more efficient secondary market.

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