The kinds of things that qualified as capital would be cut back.
According to the Treasury spokesman, Andrew Williams, these insurers qualified for capital infusions under the department's Capital Purchase Program because each had restructured itself as a bank holding company and met the November deadline for the program.
Proposals made by the Basel Committee in July require banks to hold $3 in capital for every $100 they lend, and tighten requirements for the kinds of assets that qualify as capital.
Regulators granted a broader definition of what qualifies as capital than some bank analysts had expected.
Theoretically that applies to any assets the investor holds that would qualify for capital gains treatment.
The so-called carried interest on investments by private equity partners qualifies for capital gains tax relief and has given rise to a new class of millionaires.
But Victor Fleischer, the University of Colorado professor whose paper on the subject helped prompt Congress to act, said that carried interest should not qualify as capital gains because fund managers risk mostly other people's money rather than their own.
HOUSTON — Bobby Wayne Woods was executed Thursday evening in Texas after his lawyers lost a battle to persuade the courts that he was too mentally impaired to qualify for capital punishment.
If a trustee had invested in growth stocks, much of it could qualify as capital gains, taxed at half the rate.
Investments held more than a year are considered long-term and qualify for capital gains treatment.
