HR 5147 · 107th Congress 2001โ€“2003, ended

Stock Option Accounting Reform Act

Latest action · Jul 29, 2002 Referred to the Subcommittee on Commerce, Trade and Consumer Protection.

Progress

Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.

  1. IntroducedJul 17, 2002
  2. Passed HouseNot reached
  3. Passed SenateNot reached
  4. To the PresidentNot reached
  5. Became lawNot reached

Summary

Stock Option Accounting Reform Act - Instructs the Financial Accounting Standards Board to develop additional standards for recording as an expense in corporate financial statements the value of stock options granted by a public corporation to its staff.

Cosponsors 31

Members who signed on, in the order they did. Signatures ran from Jul 17, 2002 to Oct 3, 2002; 12 are original cosponsors, there from the day it was introduced.

SeatCosponsorSigned on
D-MABarney FrankOriginalJul 17, 2002
R-PADon SherwoodOriginalJul 17, 2002
D-TXGene GreenOriginalJul 17, 2002
D-MSGene TaylorOriginalJul 17, 2002
R-NYJack QuinnOriginalJul 17, 2002
R-PAJames C. GreenwoodOriginalJul 17, 2002
R-NYJohn E. SweeneyOriginalJul 17, 2002
R-NELee TerryOriginalJul 17, 2002
R-CTNancy L. JohnsonOriginalJul 17, 2002
R-PAPhil EnglishOriginalJul 17, 2002
R-INSteve BuyerOriginalJul 17, 2002
R-NETom OsborneOriginalJul 17, 2002
R-UTChris CannonJul 18, 2002
R-MTDenny RehbergJul 18, 2002
R-ILDonald A. ManzulloJul 18, 2002
R-KYEd WhitfieldJul 18, 2002
D-CAHenry A. WaxmanJul 18, 2002
R-CAJerry LewisJul 18, 2002
D-MOKaren McCarthyJul 18, 2002
R-ALRobert B. AderholtJul 18, 2002
R-NCSue Wilkins MyrickJul 18, 2002
R-PACurt WeldonJul 24, 2002
R-NEDoug BereuterJul 24, 2002
R-ILJohn ShimkusJul 24, 2002
R-OHPaul E. GillmorJul 24, 2002
R-CAEdward R. RoyceJul 26, 2002
R-KYErnie FletcherJul 26, 2002
R-AZJim KolbeSep 10, 2002
R-NJMarge RoukemaSep 10, 2002
R-PAPatrick J. ToomeyOct 3, 2002
R-COThomas G. TancredoOct 3, 2002

Committees 1

Where it was sent and what each committee and subcommittee did with it, in order.

ChamberCommitteeWhat it did
HouseEnergy and Commerce Committee
Referred Jul 17, 2002
Commerce, Manufacturing, and Trade Subcommittee
Referred Jul 29, 2002

Actions 3

Everything that happened, newest first.

  1. Jul 29, 2002Referred to the Subcommittee on Commerce, Trade and Consumer Protection.
  2. Jul 17, 2002Introduced in House
  3. Jul 17, 2002Referred to the House Committee on Energy and Commerce.

Research

What has been written about this bill: committee reports, cost estimates, the sponsor’s authority statement, printed hearings and the Congressional Research Service’s work.

Printed hearings 1

Hearings whose printed record names this bill, newest first: hearings on it, and wider hearings where it came up.

NumberHearingCommitteeHeld
Serial No. 107-46CONFLICT DIAMONDS69 pagesWays and Means CommitteeOct 10, 2001

Titles 2

Every title it has carried, official and short, at each stage.

Official Title as Introduced
To allow the Financial Accounting Standards Board to develop standards of financial accounting and reporting related to the treatment of stock options.
Short Titles as Introduced
Stock Option Accounting Reform Act

Subjects

Assigned by the Library of Congress. Policy area: Finance and Financial Sector.

Text 1

Each version as it was printed, newest first.

  1. Jul 17, 2002Introduced in House

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Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.