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Now the House responds to the president's concerns in this regard by arguing that: Well, the amendment of Senate Rule 23, which prohibits division of the articles, somehow addressed this concern, and that our argument would undermine the Senate's own rules.
CNN: Transcript: White House Counsel Ruff's opening statement
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The Volcker Rule prohibits banks from owning a division (like prop trading) that makes speculative bets with the banks own capital.
FORBES: What Volcker Rule? Proprietary Trading Lives
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Despite operating under by-laws which purport to be focused on the welfare of college athletes, when the NCAA held a vote to allow (but not to require) schools to offer four- or five-year scholarships, 205 of 330 Division I institutions voted against the new rule and the measure passed by the narrowest of margins, as a supermajority of 207 schools was needed to uphold the ban.
FORBES: National Letter of Indenture: Why College Athletes are Similar to Indentured Servants of Colonial Times
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Meanwhile, Collins also ran the rule over Thierry Gathuessi, a 25-year-old defender with French Third Division outfit Sete, and an unnamed striker against Vocklabruck.
BBC: SPORT | Football | My Club | Hibernian | No move for Murphy, says Collins