HR 1909 IHCommentsClose CommentsPermalink

To direct the Securities and Exchange Commission to suspend the application of mark-to-market accounting.CommentsClose CommentsPermalink

April 2, 2009CommentsClose CommentsPermalink

Mr. COHEN introduced the following bill; which was referred to the Committee on Financial ServicesCommentsClose CommentsPermalink

To direct the Securities and Exchange Commission to suspend the application of mark-to-market accounting.CommentsClose CommentsPermalink

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,CommentsClose CommentsPermalink

SECTION 1. SUSPENSION OF MARK-TO-MARKET ACCOUNTING.

Not later than 60 days after the date of enactment of this Act, the Securities and Exchange Commission shall suspend, by rule, regulation, or order, the application of mark-to-market accounting as provided in Statement 157 of the Financial Accounting Standards Board for any reports required to be submitted to the Commission after January 1, 2008.CommentsClose CommentsPermalink