,,ii  #aacth ,,congress  #b;d ,session  
,s4 #aiab  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,january #i1   
#bjad,mr4 ,manchin 7for himself 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     
clarify that certain banking entities   
are not required to divest from         
collateralized debt obligations backed  
by trust preferred securities under the 
,volcker ,rule4  #a4 ,volcker rule      
clarification relating to collateralized
 debt obligations backed by trust       
preferred securities ,section #ac7;g7 of
 the ,bank ,holding ,company ,act of    
#aief 7#ab ,u4,s4,c4 #ahea7;g77 is      
amended by adding at the end the        
following3  7#d7 ,trust preferred       
securities ,nothing in this section     
shall require or be construed to require
 a banking entity having total          
consolidated assets of less than        
#ej1jjj1jjj1jjj or an organization that 

is a mutual holding company to divest   
from any collateralized debt obligation 
issued before ,may #ai1 #bjaj1 if-- 7,a7
 the primary purpose for any such       
obligation was as a vehicle for trust   
preferred securities2 and  7,b7 the     
investment in any such obligation was   
made on or before ,december #aj1 #bjac4 
4