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    <number>181</number>
    <updateDate>2023-01-15T21:34:10Z</updateDate>
    <updateDateIncludingText>2023-01-15T21:34:10Z</updateDateIncludingText>
    <originChamber>Senate</originChamber>
    <originChamberCode>S</originChamberCode>
    <type>S</type>
    <introducedDate>2003-01-16</introducedDate>
    <congress>108</congress>
    <committees>
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        <systemCode>ssbk00</systemCode>
        <name>Banking, Housing, and Urban Affairs Committee</name>
        <chamber>Senate</chamber>
        <type>Standing</type>
        <activities>
          <item>
            <name>Referred to</name>
            <date>2003-01-16T19:49:33Z</date>
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        <actionDate>2003-01-16</actionDate>
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            <systemCode>ssbk00</systemCode>
            <name>Banking, Housing, and Urban Affairs Committee</name>
          </item>
        </committees>
        <sourceSystem>
          <name>Senate</name>
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        <text>Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (text of measure as introduced:  CR S1075)</text>
        <type>IntroReferral</type>
      </item>
      <item>
        <actionDate>2003-01-16</actionDate>
        <text>Sponsor introductory remarks on measure. (CR S1073-1075)</text>
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        <actionCode>B00100</actionCode>
        <sourceSystem>
          <code>9</code>
          <name>Library of Congress</name>
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        <actionDate>2003-01-16</actionDate>
        <text>Introduced in Senate</text>
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          <code>9</code>
          <name>Library of Congress</name>
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    <sponsors>
      <item>
        <bioguideId>L000261</bioguideId>
        <fullName>Sen. Levin, Carl [D-MI]</fullName>
        <firstName>CARL</firstName>
        <lastName>LEVIN</lastName>
        <party>D</party>
        <state>MI</state>
        <middleName>MILTON</middleName>
        <isByRequest>N</isByRequest>
      </item>
    </sponsors>
    <cosponsors>
      <item>
        <bioguideId>M000303</bioguideId>
        <fullName>Sen. McCain, John [R-AZ]</fullName>
        <firstName>JOHN</firstName>
        <lastName>MCCAIN</lastName>
        <party>R</party>
        <state>AZ</state>
        <middleName>SIDNEY</middleName>
        <sponsorshipDate>2003-01-16</sponsorshipDate>
        <isOriginalCosponsor>True</isOriginalCosponsor>
      </item>
    </cosponsors>
    <policyArea>
      <name>Finance and Financial Sector</name>
    </policyArea>
    <subjects>
      <legislativeSubjects>
        <item>
          <name>Accounting</name>
        </item>
        <item>
          <name>Administrative procedure</name>
        </item>
        <item>
          <name>Business records</name>
        </item>
        <item>
          <name>Commerce</name>
        </item>
        <item>
          <name>Corporation reports</name>
        </item>
        <item>
          <name>Corporation taxes</name>
        </item>
        <item>
          <name>Employee stock options</name>
        </item>
        <item>
          <name>Executive compensation</name>
        </item>
        <item>
          <name>Federal advisory bodies</name>
        </item>
        <item>
          <name>Financial statements</name>
        </item>
        <item>
          <name>Government Operations and Politics</name>
        </item>
        <item>
          <name>Information disclosure (Securities law)</name>
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          <name>Labor and Employment</name>
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        <item>
          <name>Law</name>
        </item>
        <item>
          <name>Standards</name>
        </item>
        <item>
          <name>Taxation</name>
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      </legislativeSubjects>
      <policyArea>
        <name>Finance and Financial Sector</name>
      </policyArea>
    </subjects>
    <summaries>
      <summary>
        <versionCode>00</versionCode>
        <actionDate>2003-01-16</actionDate>
        <actionDesc>Introduced in Senate</actionDesc>
        <updateDate>2006-11-28T17:35:40Z</updateDate>
        <text><![CDATA[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.]]></text>
      </summary>
    </summaries>
    <title>Stock Option Accounting Review Act</title>
    <titles>
      <item>
        <titleType>Display Title</titleType>
        <title>Stock Option Accounting Review Act</title>
      </item>
      <item>
        <titleType>Official Title as Introduced</titleType>
        <title>A bill to require a review of accounting treatment of stock option plans, and the establishment of an appropriate stock option accounting principle within 1 year.</title>
        <billTextVersionName>Introduced in Senate</billTextVersionName>
        <billTextVersionCode>IS</billTextVersionCode>
      </item>
      <item>
        <titleType>Short Titles as Introduced</titleType>
        <title>Stock Option Accounting Review Act</title>
      </item>
    </titles>
    <textVersions>
      <item>
        <type>Introduced in Senate</type>
        <date>2003-01-16T05:00:00Z</date>
        <formats/>
      </item>
    </textVersions>
    <latestAction>
      <actionDate>2003-01-16</actionDate>
      <text>Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (text of measure as introduced:  CR S1075)</text>
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    <dc:language>EN</dc:language>
    <dc:rights>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.</dc:rights>
    <dc:contributor>Congressional Research Service, Library of Congress</dc:contributor>
    <dc:description>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. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.</dc:description>
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