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Email Earlier this week, the Obama Administration released legislative language attached as Exhibit A to this Memo proposing changes to laws affecting asset-backed securities (“ABS”). The proposed legislation is the Administration’s follow-up to its June 17, 2009 release of recommendations for reform of our financial regulatory system (the “Proposal”), which we described in our clients and friends memorandum summarizing the Proposal and our clients and friends memorandum summarizing the Proposal’s impact on the securitization markets. https://www.cadwalader.com/resources/clients-friends-memos/obama-administration-releases-legislative-language-regarding-asset-backed-securitization