,,ii  #aacth ,,congress  #b;d ,session  
,s4 #aijg  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,january #i1   
#bjad,mr4 ,kirk 7for himself1 ,mr4      
,crapo1 ,mr4 ,moran1 ,mr4 ,toomey1 ,mr4 
,barrasso1 ,mr4 ,enzi1 and ,mr4 ,wicker7
 introduced the following bill2 which   
was read twice and referred to the      
,committee on ,banking1 ,housing1 and   
,urban ,affairs  ,a ,,bill  ,to amend a 
provision of the ,bank ,holding ,company
 ,act of #aief regarding prohibitions on
 investments in certain funds to clarify
 that such provision shall not be       
construed to require the divestiture of 
certain collateralized debt obligations 
backed by trust-preferred securities or 
debt securities of collateralized loan  
obligations4  #a4 ,short title ,this    
,act may be cited as the ,fairness for  
,community ,job ,creators ,act4  #b4    
,rule of construction relating to debt  
instruments ,section #ac of the ,bank   
,holding ,company ,act of #aief 7#ab    
,u4,s4,c4 #ahea7 is amended by adding at

 the end the following new subsection3  
7i7 ,rule of construction ,nothing in   
this section shall be construed to      
require the divestiture of any          
collateralized debt obligations backed  
by trust-preferred securities or debt   
securities of collateralized loan       
obligations1 if such collateralized debt
 obligations or collateralized loan     
obligations were issued before ,december
 #aj1 #bjac4  4