purpose of which is to fund the Bank. (4) Restriction on voting rights Any holder of an equity security of the Holding Company that is a non-U.S. individual or entity shall have no voting rights with respect to such equity security. (b) Bonds (1) Standard bonds The Holding Company may issue standard bonds with maturities up to 30 years or longer, as needed. (2) Other bonds The Holding Company may issue such other bonds, notes, and marketable securities with maturities and interest rates as the Holding Company determines appropriate. (3) Initial issuance amount The Holding Company shall have the goal of making initial bond sales in a private placement in an aggregate amount of $10,000,000,000 and in public offerings in an amount of $1,000,000,000,000 or more over time. (4) Oversight and authority to purchase bonds (A) Approval required Before issuing any bonds, the Holding Company shall submit a proposal for such bond issuance to the Secretary, and the Holding Company may only issue such bonds if the Secretary approves the proposal. (B) Authority to purchase bonds (i) In general The Secretary and the Board of Governors of the Federal Reserve System may purchase bonds issued under this subsection. (ii) Limitation The aggregate amount of outstanding bonds purchased by the Secretary under this subparagraph may not exceed 5 percent of the total amount of the outstanding bonds of the Holding Company. (5) Leverage limitation The Holding Company shall seek to maintain risk-based capital at no less than 10 percent. (c) Investment limitation on Non-U.S. individuals and entities Notwithstanding any other provision of law— (1) non-U.S. individuals and entities may not hold more than 25 percent, in the aggregate, of the equity securities and bonds of the Holding Company