2008 U.S. Code
Title 12 - BANKS AND BANKING
CHAPTER 52 - EMERGENCY ECONOMIC STABILIZATION
SUBCHAPTER I - TROUBLED ASSETS RELIEF PROGRAM
Sec. 5237 - Authority to suspend mark-to-market accounting
View Metadata| Publication Title | United States Code, 2006 Edition, Supplement 2, Title 12 - BANKS AND BANKING |
| Category | Bills and Statutes |
| Collection | United States Code |
| SuDoc Class Number | Y 1.2/5: |
| Contained Within | Title 12 - BANKS AND BANKING CHAPTER 52 - EMERGENCY ECONOMIC STABILIZATION SUBCHAPTER I - TROUBLED ASSETS RELIEF PROGRAM Sec. 5237 - Authority to suspend mark-to-market accounting |
| Contains | section 5237 |
| Date | 2008 |
| Laws in Effect as of Date | January 5, 2009 |
| Positive Law | No |
| Disposition | standard |
| Source Credit | Pub. L. 110-343, div. A, title I, §132, Oct. 3, 2008, 122 Stat. 3798. |
| Statutes at Large Reference | 122 Stat. 3798 |
| Public Law Reference | Public Law 110-343 |
§5237. Authority to suspend mark-to-market accounting (a) Authority
The Securities and Exchange Commission shall have the authority under the securities laws (as such term is defined in section 78c(a)(47) of title 15) to suspend, by rule, regulation, or order, the application of Statement Number 157 of the Financial Accounting Standards Board for any issuer (as such term is defined in section 78c(a)(8) of such title) or with respect to any class or category of transaction if the Commission determines that is necessary or appropriate in the public interest and is consistent with the protection of investors.
(b) Savings provisionNothing in subsection (a) shall be construed to restrict or limit any authority of the Securities and Exchange Commission under securities laws as in effect on October 3, 2008.
(Pub. L. 110–343, div. A, title I, §132, Oct. 3, 2008, 122 Stat. 3798.)
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