Are there any ways that covenants could actually backfire and be a negative? They've been discussed a long time with no move forward. Is there a rational argument for caution?

I would love CISA, but it seems like most covenants proposals are losing steam because they don't really do enough. I guess it comes down to which layer we want to do things at.

Do you know of anywhere I can read up on both of these in non-technical terminology?