[Congressional Bills 107th Congress]
[From the U.S. Government Publishing Office]
[H.R. 5147 Introduced in House (IH)]







107th CONGRESS
  2d Session
                                H. R. 5147

To allow the Financial Accounting Standards Board to develop standards 
of financial accounting and reporting related to the treatment of stock 
                                options.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             July 17, 2002

Mrs. Bono (for herself, Mr. Terry, Mr. Buyer, Mr. Greenwood, Mr. Frank, 
 Mr. Sweeney, Mr. Quinn, Mr. Osborne, Mr. Green of Texas, Mr. English, 
     Mr. Sherwood, Mrs. Johnson of Connecticut, and Mr. Taylor of 
 Mississippi) introduced the following bill; which was referred to the 
                    Committee on Energy and Commerce

_______________________________________________________________________

                                 A BILL


 
To allow the Financial Accounting Standards Board to develop standards 
of financial accounting and reporting related to the treatment of stock 
                                options.

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

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Stock Option Accounting Reform 
Act''.

SEC. 2. ACCOUNTING STANDARDS FOR RECORDING OF STOCK OPTIONS AS 
              EXPENSES.

    The Financial Accounting Standards Board shall develop additional 
standards of financial accounting and reporting related to the 
recording of the value of a stock option granted by a public 
corporation to an officer or employee as an expense in the 
corporation's financial statements.
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