Text: H.R.1909 — 111th Congress (2009-2010)All Information (Except Text)

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Introduced in House (04/02/2009)


111th CONGRESS
1st Session
H. R. 1909


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


IN THE HOUSE OF REPRESENTATIVES

April 2, 2009

Mr. Cohen introduced the following bill; which was referred to the Committee on Financial Services


A BILL

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

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

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.