2018 US Code
Title 12 - Banks and Banking
Chapter 52 - Emergency Economic Stabilization
Subchapter I - Troubled Assets Relief Program
Sec. 5238 - Study on mark-to-market accounting
| 12 U.S.C. § 5238 (2018) |
| §5238. Study on mark-to-market accounting |
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(a) Study
The Securities and Exchange Commission, in consultation with the Board and the Secretary, shall conduct a study on mark-to-market accounting standards as provided in Statement Number 157 of the Financial Accounting Standards Board, as such standards are applicable to financial institutions, including depository institutions. Such a study shall consider at a minimum— (1) the effects of such accounting standards on a financial institution's balance sheet; (2) the impacts of such accounting on bank failures in 2008; (3) the impact of such standards on the quality of financial information available to investors; (4) the process used by the Financial Accounting Standards Board in developing accounting standards; (5) the advisability and feasibility of modifications to such standards; and (6) alternative accounting standards to those provided in such Statement Number 157. The Securities and Exchange Commission shall submit to Congress a report of such study before the end of the 90-day period beginning on October 3, 2008, containing the findings and determinations of the Commission, including such administrative and legislative recommendations as the Commission determines appropriate. |
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(Pub. L. 110–343, div. A, title I, §133, Oct. 3, 2008, 122 Stat. 3798.) |
| United States Code, 2018 Edition, Title 12 - BANKS AND BANKING |
| Bills and Statutes |
| United States Code |
| Y 1.2/5: |
| Title 12 - BANKS AND BANKING CHAPTER 52 - EMERGENCY ECONOMIC STABILIZATION SUBCHAPTER I - TROUBLED ASSETS RELIEF PROGRAM Sec. 5238 - Study on mark-to-market accounting |
| section 5238 |
| 2018 |
| January 14, 2019 |
| No |
| standard |
| 122 Stat. 3798 |
| Public Law 110-343 |
