To direct the Securities and Exchange Commission to issue guidance on the interpretation of fair value accounting.
Latest action · Jan 16, 2009 Referred to the House Committee on Financial Services.
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, 2009
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
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.
Cosponsors 4
Members who signed on, in the order they did. Signatures ran from Jan 23, 2009 to Feb 23, 2009.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| R-NC | Walter B. Jones | Jan 23, 2009 | |
| R-IN | Dan Burton | Jan 26, 2009 | |
| R-TN | Marsha Blackburn | Jan 26, 2009 | |
| R-MN | Michele Bachmann | Feb 23, 2009 |
Actions 2
Everything that happened, newest first.
- Jan 16, 2009Introduced in House
- Jan 16, 2009Referred to the House Committee on Financial Services.
Subjects
Assigned by the Library of Congress. Policy area: Finance and Financial Sector.
Text 1
Each version as it was printed, newest first.
- Jan 16, 2009Introduced in House
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.