FINANCIAL ACCOUNTING STANDARDS BOARD

Bills and resolutions

SEC: issue rule on adoption of Financial Accounting Standards Board accounting principles and require the Board to consider impact such principles will have on the economy, market stability, and credit availability (see H.R. 4565), H8080 [27SE]

Remarks in House

Financial institutions: prohibit requirement of compliance with Financial Accounting Standards Board current expected credit loss (CECL) standard and require SEC consideration of impacts of proposed accounting principles, H4075 [22MY]