Economic Adjustment Programme for Cyprus be saved and transferred to Bank of Cyprus (BoC), while shareholder capital would be written off, and the uninsured deposits above €100,000 – along with other creditor claims – would be lost to the degree being decided by how much the receivership subsequently can recover from liquidation of the remaining bad assets. As an extra safety measure, uninsured deposits above €100,000 in BoC will also remain frozen until a recapitalisation has been implemented "(with a possible imposed haircut if this is later deemed needed to reach the requirement for a 9% tier 1 capital ratio)". The targeted closure of Laiki
Americans Standing for the Simplification of the Estate Tax over-purchase life insurance, which they say diverts resources away from investment and job creation. The proposal by ASSET has been guided by Rep. Steny Hoyer, Rep. Chris Van Hollen, and Senator Ben Cardin in Maryland. In late September 2013, ASSET hosted a discussion panel on the estate tax that was moderated by Tax Foundation President Scott Hodge, with panelists Grover Norquist from Americans for Tax Reform (ATR), Chuck Marr from the Center for Budget and Policy Priorities, and former Senator Bob Bennett (R-UT). At the panel, Bennett stated that ASSET's plan for reforming the estate tax offered the best solution