US HB607 | 2009-2010 | 111th Congress
Status
Sponsorship: Partisan Bill (Republican 5)
Status: Introduced on January 16 2009 - 25% progression, died in committee
Action: 2009-01-16 - Referred to the House Committee on Financial Services.
Pending: House Financial Services Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on January 16 2009 - 25% progression, died in committee
Action: 2009-01-16 - Referred to the House Committee on Financial Services.
Pending: House Financial Services Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Directs the Securities and Exchange Commission (SEC) to issue guidance on the interpretation of the fair value accounting standards set forth by the Financial Accounting Standards Board (FASB), including the SEC interpretation and application of FASB Statement Number 157. Requires the SEC to report to specified congressional committees on any FASB actions taken relating to the SEC recommendations submitted to Congress on December 30, 2008.
Title
To direct the Securities and Exchange Commission to issue guidance on the interpretation of fair value accounting.
Sponsors
| Rep. Michele Bachmann [R-MN] | Sen. Marsha Blackburn [R-TN] | Rep. Dan Burton [R-IN] | Rep. Walter Jones [R-NC] |
| Rep. Gary Miller [R-CA] |
History
| Date | Chamber | Action |
|---|---|---|
| 2009-01-16 | Referred to the House Committee on Financial Services. |
Subjects
Accounting and auditing
Administrative law and regulatory procedures
Finance and financial sector
Government information and archives
Securities
Securities and Exchange Commission (SEC)
Administrative law and regulatory procedures
Finance and financial sector
Government information and archives
Securities
Securities and Exchange Commission (SEC)
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/111th-congress/house-bill/607/all-info |
| Text | https://www.congress.gov/111/bills/hr607/BILLS-111hr607ih.pdf |
