[Congressional Bills 111th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1909 Introduced in House (IH)]

111th CONGRESS
  1st Session
                                H. R. 1909

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


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                    IN THE HOUSE OF REPRESENTATIVES

                             April 2, 2009

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

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                                 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.
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