Stock Option Accounting Reform Act

3.0.0 3574 2023-01-15T08:33:23Z 2023-01-15T08:33:23Z House H HR 2003-11-21 108 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Standing Referred to 2004-09-07T19:35:43Z hsif00 Energy and Commerce Committee House Standing Discharged from 2004-07-16T19:28:07Z Referred to 2004-07-15T22:36:13Z hsba00 Financial Services Committee House Standing hsba16 Capital Markets Subcommittee Reported by 2004-05-12T21:27:35Z Markup by 2004-05-12T21:27:20Z Hearings by 2004-03-03T18:11:00Z Referred to 2003-12-02T17:25:15Z Reported by 2004-07-15T22:35:47Z Markup by 2004-06-15T19:23:41Z Markup by 2004-06-03T19:55:29Z Referred to 2003-11-21T14:06:30Z H. Rept. 108-609 Stock Option Accounting Reform Act 108 1890 S 2003-11-19 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. Identical bill CRS Companion bill Senate Providing for consideration of the bill (H.R. 3574) to require the mandatory expensing of stock options granted to executive officers, and for other purposes. 108 725 HRES 2004-07-20 Motion to reconsider laid on the table Agreed to without objection. 11:30:50 Procedurally-related House 2004-09-07 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. IntroReferral 2004-07-21 Senate Received in the Senate. IntroReferral 2004-07-20 14:58:33 The Clerk was authorized to correct section numbers, punctuation, and cross references, and to make other necessary technical and conforming corrections in the engrossment of H.R. 3574. Floor H38900 2 House floor actions 2004-07-20 14:58:32 Motion to reconsider laid on the table Agreed to without objection. Floor H38310 2 House floor actions 2004-07-20 14:58:31 On passage Passed by the Yeas and Nays: 312 - 111 (Roll no. 397). Floor H37100 2 House floor actions 397 https://clerk.house.gov/evs/2004/roll397.xml House 108 2004-07-20T18:58:31Z 2 2004-07-20 14:58:31 Passed/agreed to in House: On passage Passed by the Yeas and Nays: 312 - 111 (Roll no. 397). Floor 8000 9 Library of Congress 397 https://clerk.house.gov/evs/2004/roll397.xml House 108 2004-07-20T18:58:31Z 2 2004-07-20 14:41:18 The House adopted the amendment in the nature of a substitute as agreed to by the Committee of the Whole House on the state of the Union. Floor H34400 2 House floor actions 2004-07-20 14:40:58 The previous question was ordered pursuant to the rule. Floor H35000 2 House floor actions 2004-07-20 14:40:28 The House rose from the Committee of the Whole House on the state of the Union to report H.R. 3574. Floor H32600 2 House floor actions 2004-07-20 14:01:18 POSTPONED PROCEEDINGS - At the conclusion of debate on the Kanjorski amendment, the Chair put the question on adoption of the amendment and by voice vote, announced that the noes had prevailed. Mr. Kanjorski demanded a recorded vote and made a point of no quorum. The Chair postponed further proceedings on the question of adoption of the amendment until later in the legislative day and the point of no quorum was considered as withdrawn. Floor H8D000 2 House floor actions 2004-07-20 13:37:34 DEBATE - Pursuant to House Resolution 725, the Committee of the Whole proceeded with twenty minutes of debate on the Kanjorski amendment in the nature of a substitute. Floor H8D000 2 House floor actions 2004-07-20 13:36:34 POSTPONED PROCEEDINGS - At the conclusion of debate on the Maloney amendment, the Chair put the question on adoption of the amendment and by voice vote, announced that the noes had prevailed. Mrs. Maloney demanded a recorded vote and the Chair postponed further proceedings on the question of adoption of the amendment until later in the legislative day. Floor H8D000 2 House floor actions 2004-07-20 13:24:42 DEBATE - Pursuant to House Resolution 725, the Committee of the Whole proceeded with ten minutes of debate on the Maloney amendment. Floor H8D000 2 House floor actions 2004-07-20 13:23:56 POSTPONED PROCEEDINGS - At the conclusion of debate on the Sherman amendment, the Chair put the question on adoption of the amendment and by voice vote, announced that the noes had prevailed. Mr. Sherman demanded a recorded vote and the Chair postponed further proceedings on the question of adoption of the amendment until later in the legislative day. Floor H8D000 2 House floor actions 2004-07-20 13:13:38 DEBATE - Pursuant to House Resoultion 725, the Committee of the Whole proceeded with ten minutes of debate on the Sherman amendment. Floor H8D000 2 House floor actions 2004-07-20 13:10:59 DEBATE - Pursuant to House Resolution 725, the Committee of the Whole proceeded with ten minutes of debate on the Oxley amendment. Floor H8D000 2 House floor actions 2004-07-20 11:56:58 GENERAL DEBATE - The Committee of the Whole proceeded with one hour of general debate on H.R. 3574. Floor H8D000 2 House floor actions 2004-07-20 11:56:51 The Speaker designated the Honorable Tom Latham to act as Chairman of the Committee. Floor H32400 2 House floor actions 2004-07-20 11:56:49 House resolved itself into the Committee of the Whole House on the state of the Union pursuant to H. Res. 725 and Rule XVIII. Floor H32020 2 House floor actions 2004-07-20 11:56:14 Rule provides for consideration of H.R. 3574 with 1 hour of general debate. Previous question shall be considered as ordered without intervening motions except motion to recommit with or without instructions. Measure will be considered read. Specified amendments are in order. Floor H8D000 2 House floor actions 2004-07-20 11:56:09 Considered under the provisions of rule H. Res. 725. (consideration: CR H6001-6022; text of measure as reported in House: CR H6011-6012) Floor H30000 2 House floor actions 2004-07-20 11:30:43 Rule H. Res. 725 passed House. Floor H1L220 2 House floor actions 2004-07-19 19:42:00 Rules Committee Resolution H. Res. 725 Reported to House. Rule provides for consideration of H.R. 3574 with 1 hour of general debate. Previous question shall be considered as ordered without intervening motions except motion to recommit with or without instructions. Measure will be considered read. Specified amendments are in order. Floor H1L210 2 House floor actions 2004-07-16 Placed on the Union Calendar, Calendar No. 367. Calendars H12410 2 House floor actions U00367 2004-07-16 Committee on Energy and Commerce discharged. Discharge H12300 2 House floor actions hsif00 Energy and Commerce Committee 2004-07-16 Committee on Energy and Commerce discharged. Committee 5500 9 Library of Congress hsif00 Energy and Commerce Committee 2004-07-15 Referred sequentially to the House Committee on Energy and Commerce for a period ending not later than July 16, 2004 for consideration of such provisions of the bill and amendment as fall within the jurisdiction of that committee pursuant to clause 1(f), rule X. IntroReferral H11200 2 House floor actions hsif00 Energy and Commerce Committee 2004-07-15 Reported (Amended) by the Committee on Financial Services. H. Rept. 108-609, Part I. Committee H12200 2 House floor actions hsba00 Financial Services Committee 2004-07-15 Reported (Amended) by the Committee on Financial Services. H. Rept. 108-609, Part I. Committee 5000 9 Library of Congress hsba00 Financial Services Committee 2004-06-25 Mr. Boehlert asked unanimous consent that the Committee on Financial Services have until midnight on July 2 to file a report on H.R. 3574. Agreed to without objection. Committee H27200 2 House floor actions hsba00 Financial Services Committee 2004-06-15 hsba00 Financial Services Committee 1 House committee actions Ordered to be Reported (Amended) by the Yeas and Nays: 45 - 13. Committee 2004-06-15 hsba00 Financial Services Committee 1 House committee actions Committee Consideration and Mark-up Session Held. Committee 2004-06-03 hsba00 Financial Services Committee 1 House committee actions Committee Consideration and Mark-up Session Held. Committee 2004-05-12 hsba16 Capital Markets Subcommittee 1 House committee actions Forwarded by Subcommittee to Full Committee (Amended) by Voice Vote. Committee 2004-05-12 hsba16 Capital Markets Subcommittee 1 House committee actions Subcommittee Consideration and Mark-up Session Held. Committee 2004-03-03 hsba16 Capital Markets Subcommittee 1 House committee actions Subcommittee Hearings Held. Committee 2003-12-02 hsba16 Capital Markets Subcommittee 1 House committee actions Referred to the Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises. Committee 2003-11-21 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2003-11-21 Introduced in House IntroReferral Intro-H 9 Library of Congress 2003-11-21 Introduced in House IntroReferral 1000 9 Library of Congress B000072 Rep. Baker, Richard H. [R-LA-6] RICHARD BAKER R LA H. 6 N E000215 Rep. Eshoo, Anna G. [D-CA-14] ANNA ESHOO D CA G. 14 2003-11-21 True D000492 Rep. Dreier, David [R-CA-26] DAVID DREIER R CA 26 2003-11-21 True K000358 Rep. Kennedy, Mark R. [R-MN-6] MARK KENNEDY R MN R. 6 2003-11-21 True H001034 Rep. Honda, Michael M. [D-CA-15] MICHAEL HONDA D CA M. 15 2003-11-21 True T000057 Rep. Tauscher, Ellen O. [D-CA-10] ELLEN TAUSCHER D CA O. 10 2003-11-21 True L000397 Rep. Lofgren, Zoe [D-CA-16] ZOE LOFGREN D CA 16 2003-11-21 True C001046 Rep. Cantor, Eric [R-VA-7] ERIC CANTOR R VA 7 2003-11-21 True B001135 Rep. Burr, Richard [R-NC-5] Richard Burr R NC Mauze 5 2004-01-21 False H000413 Rep. Hayworth, J. D. [R-AZ-5] J. HAYWORTH R AZ D. 5 2004-01-21 False J000110 Rep. John, Christopher [D-LA-7] CHRISTOPHER JOHN D LA 7 2004-01-21 False B000755 Rep. Brady, Kevin [R-TX-8] KEVIN BRADY R TX 8 2004-01-21 False S000275 Rep. Shadegg, John B. [R-AZ-3] JOHN SHADEGG R AZ 3 2004-01-21 False H000762 Rep. Hooley, Darlene [D-OR-5] DARLENE HOOLEY D OR 5 2004-01-21 False B000574 Rep. Blumenauer, Earl [D-OR-3] EARL BLUMENAUER D OR 3 2004-01-27 False I000026 Rep. Inslee, Jay [D-WA-1] JAY INSLEE D WA 1 2004-01-27 False M000312 Rep. McGovern, James P. [D-MA-3] JAMES MCGOVERN D MA P. 3 2004-01-27 False H000814 Rep. Houghton, Amo [R-NY-29] AMO HOUGHTON R NY 29 2004-01-27 False D000429 Rep. Doolittle, John T. [R-CA-4] JOHN DOOLITTLE R CA T. 4 2004-01-27 False D000424 Rep. Dooley, Calvin M. [D-CA-20] CAL DOOLEY D CA 20 2004-01-27 False C001038 Rep. Crowley, Joseph [D-NY-7] JOSEPH CROWLEY D NY 7 2004-01-27 False C001051 Rep. Carter, John R. [R-TX-31] John Carter R TX R. 31 2004-02-04 False S001143 Rep. Souder, Mark E. [R-IN-3] MARK SOUDER R IN EDWARD 3 2004-02-04 False M000485 Rep. McIntyre, Mike [D-NC-7] MIKE MCINTYRE D NC 7 2004-02-04 False C001037 Rep. Capuano, Michael E. [D-MA-8] MICHAEL CAPUANO D MA E. 8 2004-02-04 False F000444 Rep. Flake, Jeff [R-AZ-6] JEFF FLAKE R AZ 6 2004-02-04 False S000583 Rep. Smith, Lamar [R-TX-21] LAMAR SMITH R TX 21 2004-02-11 False M001140 Rep. Moore, Dennis [D-KS-3] DENNIS MOORE D KS 3 2004-02-11 False D000599 Rep. Davis, Lincoln [D-TN-4] Lincoln Davis D TN 4 2004-02-11 False B000657 Rep. Boucher, Rick [D-VA-9] RICK BOUCHER D VA 9 2004-02-11 False B001232 Rep. Biggert, Judy [R-IL-13] JUDY BIGGERT R IL 13 2004-02-11 False S000250 Rep. Sessions, Pete [R-TX-32] PETE SESSIONS R TX 32 2004-02-11 False H000636 Rep. Hinojosa, Ruben [D-TX-15] RUBEN HINOJOSA D TX 15 2004-02-11 False D000602 Rep. Davis, Artur [D-AL-7] Artur Davis D AL 7 2004-02-11 False G000544 Rep. Gonzalez, Charles A. [D-TX-20] CHARLES GONZALEZ D TX A. 20 2004-02-11 False D000136 Rep. Davis, Tom [R-VA-11] THOMAS DAVIS R VA M. 11 2004-02-11 False H000444 Rep. Hefley, Joel [R-CO-5] JOEL HEFLEY R CO 5 2004-02-11 False P000586 Rep. Putnam, Adam H. [R-FL-12] ADAM PUTNAM R FL H. 12 2004-02-11 False T000460 Rep. Thompson, Mike [D-CA-1] MIKE THOMPSON D CA 1 2004-02-11 False R000573 Rep. Ross, Mike [D-AR-4] MIKE ROSS D AR 4 2004-02-11 False G000289 Rep. Goodlatte, Bob [R-VA-6] ROBERT GOODLATTE R VA W. 6 2004-02-11 False P000588 Rep. Pearce, Stevan [R-NM-2] Stevan Pearce R NM 2 2004-02-24 False E000187 Rep. English, Phil [R-PA-3] PHIL ENGLISH R PA 3 2004-02-24 False H000213 Rep. Harman, Jane [D-CA-36] JANE HARMAN D CA 36 2004-02-24 False B000013 Rep. Bachus, Spencer [R-AL-6] SPENCER BACHUS R AL 6 2004-02-24 False H000528 Rep. Herger, Wally [R-CA-2] WALLY HERGER R CA 2 2004-02-24 False G000551 Rep. Grijalva, Raúl M. [D-AZ-7] Raúl Grijalva D AZ M. 7 2004-03-02 False H001035 Rep. Harris, Katherine [R-FL-13] Katherine Harris R FL 13 2004-03-02 False B000575 Rep. Blunt, Roy [R-MO-7] ROY BLUNT R MO 7 2004-03-02 False M000639 Rep. Menendez, Robert [D-NJ-13] Robert Menendez D NJ 13 2004-03-02 False P000197 Rep. Pelosi, Nancy [D-CA-8] NANCY PELOSI D CA 8 2004-03-02 False R000487 Rep. Royce, Edward R. [R-CA-40] ED ROYCE R CA 40 2004-03-02 False C001044 Rep. Carson, Brad [D-OK-2] BRAD CARSON D OK 2 2004-03-02 False M001137 Rep. Meeks, Gregory W. [D-NY-6] GREGORY MEEKS D NY W. 6 2004-03-02 False S001157 Rep. Scott, David [D-GA-13] David Scott D GA 13 2004-03-02 False O000166 Rep. Otter, C. L. (Butch) [R-ID-1] C. L. OTTER R ID 1 2004-03-02 False I000055 Rep. Isakson, Johnny [R-GA-6] Johnny Isakson R GA 6 2004-03-02 False R000569 Rep. Reynolds, Thomas M. [R-NY-26] THOMAS REYNOLDS R NY M. 26 2004-03-02 False W000793 Rep. Wu, David [D-OR-1] DAVID WU D OR 1 2004-03-02 False C000873 Rep. Crane, Philip M. [R-IL-8] PHILIP CRANE R IL M. 8 2004-03-03 False I000057 Rep. Israel, Steve [D-NY-2] STEVE ISRAEL D NY 2 2004-03-03 False R000566 Rep. Ryun, Jim [R-KS-2] JIM RYUN R KS 2 2004-03-03 False I000056 Rep. Issa, Darrell E. [R-CA-49] DARRELL ISSA R CA E. 49 2004-03-03 False B001247 Rep. Brown-Waite, Ginny [R-FL-5] Ginny Brown-Waite R FL 5 2004-03-03 False M000316 Rep. McCarthy, Karen [D-MO-5] KAREN MCCARTHY D MO 5 2004-03-03 False M000627 Rep. Meehan, Martin T. [D-MA-5] MARTIN MEEHAN D MA T. 5 2004-03-03 False F000030 Rep. Farr, Sam [D-CA-17] SAM FARR D CA 17 2004-03-09 False K000188 Rep. Kind, Ron [D-WI-3] RON KIND D WI 3 2004-03-09 False C000994 Rep. Cunningham, Randy (Duke) [R-CA-50] RANDY CUNNINGHAM R CA 50 2004-03-09 False M001142 Rep. Matheson, Jim [D-UT-2] JIM MATHESON D UT 2 2004-03-10 False S000030 Rep. Sanchez, Loretta [D-CA-47] LORETTA SANCHEZ D CA 47 2004-03-10 False M001139 Rep. Miller, Gary G. [R-CA-42] GARY MILLER R CA 42 2004-03-10 False M000933 Rep. Moran, James P. [D-VA-8] JAMES MORAN D VA P. 8 2004-03-10 False M000477 Rep. McInnis, Scott [R-CO-3] SCOTT MCINNIS R CO 3 2004-03-17 False F000116 Rep. Filner, Bob [D-CA-51] BOB FILNER D CA 51 2004-03-17 False T000238 Rep. Thornberry, Mac [R-TX-13] WILLIAM THORNBERRY R TX M. 13 2004-03-17 False C001050 Rep. Cardoza, Dennis A. [D-CA-18] Dennis Cardoza D CA A. 18 2004-03-17 False S000510 Rep. Smith, Adam [D-WA-9] ADAM SMITH D WA 9 2004-03-17 False W000791 Rep. Walden, Greg [R-OR-2] GREG WALDEN R OR 2 2004-03-17 False T000458 Rep. Tancredo, Thomas G. [R-CO-6] THOMAS TANCREDO R CO G. 6 2004-03-25 False M001154 Rep. Miller, Brad [D-NC-13] Brad Miller D NC 13 2004-03-25 False G000132 Rep. Gephardt, Richard A. [D-MO-3] RICHARD GEPHARDT D MO A. 3 2004-03-25 False S000044 Rep. Sandlin, Max [D-TX-1] MAX SANDLIN D TX 1 2004-03-25 False V000127 Rep. Vitter, David [R-LA-1] David Vitter R LA 1 2004-03-25 False B000617 Rep. Bonilla, Henry [R-TX-23] HENRY BONILLA R TX 23 2004-03-25 False F000440 Rep. Fossella, Vito [R-NY-13] VITO FOSSELLA R NY 13 2004-03-25 False W000273 Rep. Weller, Jerry [R-IL-11] GERALD WELLER R IL C. 11 2004-03-31 False F000447 Rep. Feeney, Tom [R-FL-24] Tom Feeney R FL 24 2004-03-31 False T000424 Rep. Turner, Jim [D-TX-2] JIM TURNER D TX 2 2004-03-31 False O000164 Rep. Ose, Doug [R-CA-3] DOUG OSE R CA 3 2004-03-31 False H001033 Rep. Hart, Melissa A. [R-PA-4] MELISSA HART R PA A. 4 2004-03-31 False B000589 Rep. Boehner, John A. [R-OH-8] JOHN BOEHNER R OH A. 8 2004-03-31 False G000548 Rep. Garrett, Scott [R-NJ-5] Scott Garrett R NJ 5 2004-03-31 False S000244 Rep. Sensenbrenner, F. James, Jr. [R-WI-5] F. SENSENBRENNER R WI JAMES 5 2004-03-31 False C000754 Rep. Cooper, Jim [D-TN-5] JAMES COOPER D TN H. 5 2004-04-02 False M001152 Rep. Musgrave, Marilyn N. [R-CO-4] Marilyn Musgrave R CO N. 4 2004-04-02 False B001241 Rep. Bell, Chris [D-TX-25] Chris Bell D TX 25 2004-04-02 False B000586 Rep. Boehlert, Sherwood [R-NY-24] SHERWOOD BOEHLERT R NY L. 24 2004-04-02 False D000327 Rep. Dicks, Norman D. [D-WA-6] NORMAN DICKS D WA 6 2004-04-02 False H001036 Rep. Hensarling, Jeb [R-TX-5] Jeb Hensarling R TX 5 2004-04-02 False C000116 Rep. Cannon, Chris [R-UT-3] CHRIS CANNON R UT 3 2004-04-02 False C000830 Rep. Cox, Christopher [R-CA-48] CHRISTOPHER COX R CA 48 2004-04-20 False W000789 Rep. Wilson, Heather [R-NM-1] HEATHER WILSON R NM 1 2004-04-20 False M001138 Rep. Manzullo, Donald A. [R-IL-16] DONALD MANZULLO R IL 16 2004-04-20 False C000191 Rep. Carson, Julia [D-IN-7] JULIA CARSON D IN 7 2004-04-20 False L000090 Rep. Lantos, Tom [D-CA-12] TOM LANTOS D CA 12 2004-04-22 False J000255 Rep. Jones, Walter B., Jr. [R-NC-3] WALTER JONES R NC B. 3 2004-04-22 False G000410 Rep. Green, Gene [D-TX-29] GENE GREEN D TX 29 2004-04-28 False C001055 Rep. Case, Ed [D-HI-2] Ed Case D HI 2 2004-05-19 False S001150 Rep. Schiff, Adam B. [D-CA-29] ADAM SCHIFF D CA B. 29 2004-05-19 False P000419 Rep. Pombo, Richard W. [R-CA-11] RICHARD POMBO R CA W. 11 2004-05-19 False R000572 Rep. Rogers, Mike J. [R-MI-8] Mike Rogers R MI 8 2004-05-19 False N000181 Rep. Nunes, Devin [R-CA-21] Devin Nunes R CA 21 2004-06-01 False N000051 Rep. Nethercutt, George R., Jr. [R-WA-5] GEORGE NETHERCUTT R WA 5 2004-06-01 False P000523 Rep. Price, David E. [D-NC-4] DAVID PRICE D NC E. 4 2004-06-03 False M001143 Rep. McCollum, Betty [D-MN-4] BETTY MCCOLLUM D MN 4 2004-06-08 False H000067 Rep. Hall, Ralph M. [R-TX-4] RALPH HALL R TX M. 4 2004-06-08 False F000448 Rep. Franks, Trent [R-AZ-2] Trent Franks R AZ 2 2004-06-09 False C001058 Rep. Chandler, Ben [D-KY-6] Ben Chandler D KY 6 2004-06-09 False C000868 Rep. Cramer, Robert E. (Bud), Jr. [D-AL-5] ROBERT CRAMER D AL E. 5 2004-06-15 False F000238 Rep. Foley, Mark [R-FL-16] MARK FOLEY R FL 16 2004-06-15 False B000463 Rep. Bilirakis, Michael [R-FL-9] MICHAEL BILIRAKIS R FL 9 2004-06-15 False W000795 Rep. Wilson, Joe [R-SC-2] Joe Wilson R SC 2 2004-06-15 False E000092 Rep. Ehlers, Vernon J. [R-MI-3] VERNON EHLERS R MI J. 3 2004-06-23 False D000549 Rep. Dunn, Jennifer [R-WA-8] JENNIFER DUNN R WA 8 2004-06-24 False J000032 Rep. Jackson-Lee, Sheila [D-TX-18] SHEILA JACKSON-LEE D TX 18 2004-07-07 False G000377 Rep. Granger, Kay [R-TX-12] KAY GRANGER R TX 12 2004-07-07 False B001243 Rep. Blackburn, Marsha [R-TN-7] Marsha Blackburn R TN 7 2004-07-07 False S001155 Rep. Sullivan, John [R-OK-1] John Sullivan R OK 1 2004-07-07 False S001148 Rep. Simpson, Michael K. [R-ID-2] MICHAEL SIMPSON R ID K. 2 2004-07-07 False K000113 Rep. Kennedy, Patrick J. [D-RI-1] PATRICK KENNEDY D RI J. 1 2004-07-14 False H000676 Rep. Hoekstra, Peter [R-MI-2] PETER HOEKSTRA R MI 2 2004-07-15 False 2004-06-25T04:00:00Z H.R. 3574, Stock Option Accounting Reform Act http://www.cbo.gov/publication/15765 <p>Cost estimate for the bill as ordered reported by the House Committee on Financial Services on June 15, 2004</p> 2004-06-25T04:00:00Z H.R. 3574, Stock Option Accounting Reform Act https://www.cbo.gov/publication/15765 Cost estimate for the bill as ordered reported by the House Committee on Financial Services on June 15, 2004 Taxation Accounting Commerce Corporation reports Corporation taxes Economic growth Economic impact statements Employee ownership Employee stock options Executive compensation Finance and Financial Sector Financial statements Foreign Trade and International Finance Government Operations and Politics Government paperwork Governmental investigations Income tax Industrial research Information disclosure (Securities law) International competitiveness Labor and Employment New products Profit Recruiting of employees Skilled labor Small business Standards Stock repurchasing Stocks Tax deductions Valuation Taxation

00 2003-11-21 Introduced in House 2003-12-30T19:47:48Z Stock Option Accounting Reform Act - Amends the Securities Exchange Act of 1934 to require an issuer of registered securities to show as an expense in its mandatory annual report the fair value of all stock purchase options granted to certain of its senior executive officers after December 31, 2004.

Exempts small business issuers from such requirement.

Amends the Securities Act of 1933 to require reporting of: (1) stock option expenses as a reduction of the total expense in the fiscal year in which they expire or are forfeited; and (2) as income any excess by which such reduction exceeds total option expenses for any fiscal year.

Requires any accounting principle recognized as "generally accepted" by the Securities and Exchange Commission (SEC) regarding the expensing of stock purchase options to comply with this Act. Denies recognition to any such accounting principle until the Secretaries of Commerce and of Labor complete a joint study on the economic impact of mandatory expensing of all employee stock options.

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18 2004-07-15 Reported to House amended, Part I 2004-07-20T19:06:35Z Stock Option Accounting Reform Act - (Sec. 2) Amends the Securities Exchange Act of 1934 to require an issuer of registered securities to show as an expense in its annual report the fair value of all stock purchase options granted after December 31, 2004, to: (1) all individuals serving as the chief executive officer of an issuer, or acting in a similar capacity, during the most recent fiscal year, regardless of compensation level; and (2) the four most highly compensated executive officers (other than a chief executive officer) that were serving as executive officers of an issuer at the end of the most recent fiscal year ("named executive officer").

Defines the fair value of an option to purchase such stock

Exempts small business issuers from the Act's requirement.

(Sec. 3) Amends the Securities Act of 1933 to prohibit the Securities and Exchange Commission (SEC) from recognizing as "generally accepted" any accounting principle relating to the expensing of stock options unless it complies with both: (1) specified expense recomputation requirements; and (2) a required joint study by the Secretaries of Commerce and of Labor of the economic impact of the mandatory expensing of employee stock options.

Requires the recomputation and re-reporting of the expense of a stock purchase option that is exercised, to equal the difference between the price of the underlying stock and the exercise price. Requires the re-reporting as a reduction of the total expense originally required to be reported if the option expires or is forfeited.

(Sec. 4) Directs the SEC to require each issuer to include in its periodic report more detailed information regarding stock option plans, stock purchase plans, and other arrangements involving an employee acquisition of an equity interest in the company, including: (1) a discussion, written in accordance with the Plain English Handbook published by the SEC Office of Investor Education and Assistance on the dilutive effect of stock option plans; (2) expanded disclosure of the dilutive effect of employee stock options on the issuer's earnings per share; (3) prominent placement and increased comparability and uniformity of all stock option related information; (4) the number of outstanding stock options; (5) the weighted average exercise price of all outstanding stock options; and (6) the estimated number of stock options outstanding that will vest in each year.

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81 2004-07-20 Passed House without amendment 2004-08-05T19:29:40Z (This measure has not been amended since it was reported to the House on July 15, 2004. The summary of that version is repeated here.)

Stock Option Accounting Reform Act - (Sec. 2) Amends the Securities Exchange Act of 1934 to require an issuer of registered securities to show as an expense in its annual report the fair value of all stock purchase options granted after December 31, 2004, to: (1) all individuals serving as the chief executive officer of an issuer, or acting in a similar capacity, during the most recent fiscal year, regardless of compensation level; and (2) the four most highly compensated executive officers (other than a chief executive officer) that were serving as executive officers of an issuer at the end of the most recent fiscal year ("named executive officer").

Defines the fair value of an option to purchase such stock.

Exempts small business issuers from the Act's requirement.

Requires the recomputation and re-reporting of the expense of a stock purchase option that is exercised, to equal the difference between the price of the underlying stock and the exercise price.

Requires the re-reporting as a reduction of the total expense originally required to be reported if the option expires or is forfeited.

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Stock Option Accounting Reform Act Display Title Stock Option Accounting Reform Act Official Title as Introduced To require the mandatory expensing of stock options granted to executive officers, and for other purposes. Introduced in House IH Short Titles as Introduced Stock Option Accounting Reform Act Short Titles as Reported to House Stock Option Accounting Reform Act H House Short Titles as Passed House Stock Option Accounting Reform Act H House 713 108 HAMDT Amendment in the nature of a substitute sought to replace the language in the bill with the text of the "Accounting Standards Integrity Act". An amendment numbered four printed in House Report 108-616 which includes findings concerning the SEC authority over standard setting, the importance of the Financial Accounting Standards Board (FASB) independence and credible accounting standards to the economy and investors, the recent actions of Congress in Sarbanes-Oxley to strengthen the standard-setting process, the comparative advantage provided to the U.S. by high quality accounting standards, and the damage to the standard-setting process of legislative pre-emption. 2022-02-03T04:56:34Z 2004-07-20 On agreeing to the Kanjorski amendment (A004) Failed by recorded vote: 127 - 293 (Roll no. 396). 14:40:13 Roll no. 396 https://clerk.house.gov/evs/2004/roll396.xml K000008 Rep. Kanjorski, Paul E. [D-PA-11] PAUL KANJORSKI D PA E. 11 2004-07-20T04:00:00Z House of Representatives 108 HR House H 3574 Stock Option Accounting Reform Act 2023-01-15T08:33:23Z House Report 108-616 https://www.congress.gov/congressional-report/108th-congress/house-report/616 8 2004-07-20 14:40:13 On agreeing to the Kanjorski amendment (A004) Failed by recorded vote: 127 - 293 (Roll no. 396). Floor H32111 2 House floor actions 396 House 108 2004-07-20T18:40:13Z 2 https://clerk.house.gov/evs/2004/roll396.xml 2004-07-20 13:37:14 Amendment (A004) in the nature of a substitute offered by Mr. Kanjorski. (consideration: CR H6016-6019, H6020-6021; text: CR H6016) Floor H3A100 2 House floor actions 2004-07-20 13:37:14 House amendment offered/reported by : Amendment (A004) in the nature of a substitute offered by Mr. Kanjorski.(consideration: CR H6016-6019, H6020-6021; text: CR H6016) NotUsed 71500 9 Library of Congress 2004-07-20 14:40:13 Amendment failed in Committee of the Whole NotUsed 77000 9 Library of Congress 396 House 108 2004-07-20T18:40:13Z 2 https://clerk.house.gov/evs/2004/roll396.xml 2004-07-20 14:40:13 House amendment not agreed to: On agreeing to the Kanjorski amendment (A004) Failed by recorded vote: 127 - 293 (Roll no. 396). Floor 73000 9 Library of Congress 396 House 108 2004-07-20T18:40:13Z 2 https://clerk.house.gov/evs/2004/roll396.xml 2004-07-20 14:40:13 Roll call votes on amendments in House Floor 75000 9 Library of Congress 396 House 108 2004-07-20T18:40:13Z 2 https://clerk.house.gov/evs/2004/roll396.xml 2004-07-20 House amendment offered Floor 71000 9 Library of Congress 712 108 HAMDT At the end of the bill, insert the following: \ SEC. 5. CONFIRMATION OF S.E.C. AUTHORITY. \ Nothing in this Act shall be construed to impair or limit the authority of the Commission to establish accounting principles or standards on its own initiative as the Commission deems necessary in the public interest or for the protection of investors. An amendment numbered three printed in House Report 108-616 to preserve the authority of the Securities and Exchange Commission (SEC) to establish accounting principles or standards on its own initiative as the SEC deems necessary in the public interest or for the protection of investors. It is intended to preserve the SEC's ability to prescribe the contents of public filings. 2022-02-03T04:56:34Z 2004-07-20 On agreeing to the Maloney amendment (A003) Failed by recorded vote: 114 - 308 (Roll no. 395). 14:33:06 Roll no. 395 https://clerk.house.gov/evs/2004/roll395.xml M000087 Rep. Maloney, Carolyn B. [D-NY-14] CAROLYN MALONEY D NY B. 14 2004-07-20T04:00:00Z House of Representatives 108 HR House H 3574 Stock Option Accounting Reform Act 2023-01-15T08:33:23Z House Report 108-616 https://www.congress.gov/congressional-report/108th-congress/house-report/616 8 2004-07-20 14:33:06 On agreeing to the Maloney amendment (A003) Failed by recorded vote: 114 - 308 (Roll no. 395). Floor H32111 2 House floor actions 395 House 108 2004-07-20T18:33:06Z 2 https://clerk.house.gov/evs/2004/roll395.xml 2004-07-20 13:24:27 Amendment (A003) offered by Mrs. Maloney. (consideration: CR H6014-6016, H6020; text: CR H6014) Floor H3A100 2 House floor actions 2004-07-20 13:24:27 House amendment offered/reported by : Amendment (A003) offered by Mrs. Maloney.(consideration: CR H6014-6016, H6020; text: CR H6014) NotUsed 71500 9 Library of Congress 2004-07-20 14:33:06 Amendment failed in Committee of the Whole NotUsed 77000 9 Library of Congress 395 House 108 2004-07-20T18:33:06Z 2 https://clerk.house.gov/evs/2004/roll395.xml 2004-07-20 14:33:06 Roll call votes on amendments in House Floor 75000 9 Library of Congress 395 House 108 2004-07-20T18:33:06Z 2 https://clerk.house.gov/evs/2004/roll395.xml 2004-07-20 14:33:06 House amendment not agreed to: On agreeing to the Maloney amendment (A003) Failed by recorded vote: 114 - 308 (Roll no. 395). Floor 73000 9 Library of Congress 395 House 108 2004-07-20T18:33:06Z 2 https://clerk.house.gov/evs/2004/roll395.xml 2004-07-20 House amendment offered Floor 71000 9 Library of Congress 711 108 HAMDT Amendment sought to eliminate the requirement in the bill that an assumption of zero volatility be used when calculating the value of stock option expense for top-five executives. An amendment numbered two printed in House Report 108-616 to eliminate the requirement in the bill that an assumption of zero volatility be used when calculating the value of stock option expense for the top-five executives. 2022-02-03T04:56:34Z 2004-07-20 On agreeing to the Sherman amendment (A002) Failed by recorded vote: 126 - 296 (Roll no. 394). 14:24:33 Roll no. 394 https://clerk.house.gov/evs/2004/roll394.xml S000344 Rep. Sherman, Brad [D-CA-27] BRAD SHERMAN D CA 27 2004-07-20T04:00:00Z House of Representatives 108 HR House H 3574 Stock Option Accounting Reform Act 2023-01-15T08:33:23Z House Report 108-616 https://www.congress.gov/congressional-report/108th-congress/house-report/616 8 2004-07-20 14:24:33 On agreeing to the Sherman amendment (A002) Failed by recorded vote: 126 - 296 (Roll no. 394). Floor H32111 2 House floor actions 394 House 108 2004-07-20T18:24:33Z 2 https://clerk.house.gov/evs/2004/roll394.xml 2004-07-20 13:13:19 Amendment (A002) offered by Mr. Sherman. (consideration: CR H6013-6014, H6019-6020; text: CR H6013) Floor H3A100 2 House floor actions 2004-07-20 13:13:19 House amendment offered/reported by : Amendment (A002) offered by Mr. Sherman.(consideration: CR H6013-6014, H6019-6020; text: CR H6013) NotUsed 71500 9 Library of Congress 2004-07-20 14:24:33 Amendment failed in Committee of the Whole NotUsed 77000 9 Library of Congress 394 House 108 2004-07-20T18:24:33Z 2 https://clerk.house.gov/evs/2004/roll394.xml 2004-07-20 14:24:33 House amendment not agreed to: On agreeing to the Sherman amendment (A002) Failed by recorded vote: 126 - 296 (Roll no. 394). Floor 73000 9 Library of Congress 394 House 108 2004-07-20T18:24:33Z 2 https://clerk.house.gov/evs/2004/roll394.xml 2004-07-20 14:24:33 Roll call votes on amendments in House Floor 75000 9 Library of Congress 394 House 108 2004-07-20T18:24:33Z 2 https://clerk.house.gov/evs/2004/roll394.xml 2004-07-20 House amendment offered Floor 71000 9 Library of Congress 710 108 HAMDT Amendment clarifies that a company that wishes to voluntarily expense its employee stock options may do so based on the expensing rules that companies are using today to expense their stock options. An amendment numbered one printed in House Report 108-616 to clarify the original intent of the bill to ensure that any company that wishes to voluntarily expense stock options in certain filings required under the securities laws may do so. 2022-02-03T04:56:34Z 2004-07-20 On agreeing to the Oxley amendment (A001) Agreed to by voice vote. 13:13:09 O000163 Rep. Oxley, Michael G. [R-OH-4] MICHAEL OXLEY R OH G. 4 2004-07-20T04:00:00Z House of Representatives 108 HR House H 3574 Stock Option Accounting Reform Act 2023-01-15T08:33:23Z House Report 108-616 https://www.congress.gov/congressional-report/108th-congress/house-report/616 7 2004-07-20 13:13:09 On agreeing to the Oxley amendment (A001) Agreed to by voice vote. Floor H32111 2 House floor actions 2004-07-20 13:10:44 Amendment (A001) offered by Mr. Oxley. (consideration: CR H6012-6013; text: CR H6012) Floor H3A100 2 House floor actions 2004-07-20 13:10:44 House amendment offered/reported by : Amendment (A001) offered by Mr. Oxley.(consideration: CR H6012-6013; text: CR H6012) NotUsed 71500 9 Library of Congress 2004-07-20 13:13:09 Amendment agreed to Committee of the Whole NotUsed 76000 9 Library of Congress 2004-07-20 13:13:09 House amendment agreed to: On agreeing to the Oxley amendment (A001) Agreed to by voice vote. Floor 72000 9 Library of Congress 2004-07-20 House amendment offered Floor 71000 9 Library of Congress Referred in Senate 2004-09-07T04:00:00Z Engrossed in House 2004-07-20T04:00:00Z Reported in House 2004-07-16T04:00:00Z Introduced in House 2003-11-21T05:00:00Z 2004-09-07 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. 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