Collins Amendment
The Dodd-Frank Wall Street Reform and Consumer Protection Act included a provision which would "exclude trust-preferred securities from the regulatory capital of bank holding companies", although it has several exceptions intended to allow these holding companies to transition into compliance with the law, including an exception for bank holding companies with less than $15 billion in consolidated assets as of December 31, 2009 and an exception for small bank holding companies under the Board of Governors’ Small Bank Holding Company Policy Statement.
Read more about this topic: Trust-preferred Security
Famous quotes containing the words collins and/or amendment:
“Massa’s in de cold, cold ground.”
—Stephen Collins Foster (1826–1864)
“Every family should extend First Amendment rights to all its members, but this freedom is particularly essential for our kids. Children must be able to say what they think, openly express their feelings, and ask for what they want and need if they are ever able to develop an integrated sense of self. They must be able to think their own thoughts, even if they differ from ours. They need to have the opportunity to ask us questions when they don’t understand what we mean.”
—Stephanie Martson (20th century)