According to a report by Jessica Holzer of Dow Jones Newswires (as published here on NASDAQ.com), Rep. Walt Minnick (D., Idaho) expected to introduce a measure last Thursday with co-sponsors from both parties, while three senators were working on companion legislation in the upper chamber that would authorize the U.S. Treasury to provide as much as $15 billion to $25 billion in guarantees on new loans to the sector.
This would be welcome news for those who are anxious about the commercial real estate market.
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