Proponents of a secondary market for small-business loans may finally get a shot at making the small-business loan securitization bill a reality after it received support from the Treasury and the Federal Reserve.

The bill, originally introduced by Sen. Alfonse D'Amato, R-N.Y., during the Bush administration, appeared to be going nowhere. But now, both the Treasury and the Federal Reserve are ready to back a modified version of the bill, and it looks like it will be enacted this year, possibly in conjunction with the administration's community development bill.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.