S 181 · 108th Congress 2003–2005, ended

Stock Option Accounting Review Act

Introduced Jan 16, 2003 Originated Senate Sponsor Carl Levin D-MI

Fact sheet

Latest action · Jan 16, 2003 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (text of measure as introduced: CR S1075)

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.

IntroducedJan 16, 2003
Passed SenateNot reached
Passed HouseNot reached
To the PresidentNot reached
Became lawNot reached

Summary

Stock Option Accounting Review Act - Amends the Sarbanes-Oxley Act of 2002 to direct the Financial Accounting Standards Board to: (1) review the accounting treatment of employee stock options; and (2) within one year after the enactment of this Act, adopt an appropriate generally accepted accounting principle for the treatment of such options.

Cosponsors 1

Members who signed on, in the order they did. All signed on Jan 16, 2003.

Seat	Cosponsor		Signed on
R-AZ	John McCain	Original	Jan 16, 2003

Actions 3

Everything that happened, newest first.

Jan 16, 2003Introduced in Senate
Jan 16, 2003Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (text of measure as introduced: CR S1075)
Jan 16, 2003Sponsor introductory remarks on measure. (CR S1073-1075)

Subjects

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

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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.