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
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“And Truth, in sunny vest arrayed,
By whose the tarsel’s eyes were made;”
—William Collins (1721–1759)
“... when we shall have our amendment to the Constitution of the United States, everyone will think it was always so, just exactly as many young people believe that all the privileges, all the freedom, all the enjoyments which woman now possesses were always hers. They have no idea of how every single inch of ground that she stands upon to-day has been gained by the hard work of some little handful of women of the past.”
—Susan B. Anthony (1820–1906)