S 392
A bill to clarify that funding for the standard setting body designated pursuant to section 19(b) of the Securities Act of 1933 is not subject to the sequester.
Take action
Record your position on this measure.
Sign in to record your position, submit testimony, or contact your legislator.
Sign in to take action- Introduced
- Passed Senate
- Passed House
- To President
- Became Law
Bill overview
This bill ensures that the Financial Accounting Standards Board (FASB), the body responsible for setting accounting standards used in the securities industry, is protected from automatic spending cuts known as sequestration. Currently, the Balanced Budget Act of 1985 includes a provision that could apply sequestration to FASB’s funding. This legislation removes that restriction, guaranteeing a stable and consistent level of funding for the organization’s critical work.
Sponsors
Official sponsors from legislative records.
Primary sponsor
Michael B. Enzi
Arguments in favor
Reasons to support this legislation.
No arguments in favor have been submitted.
Submit yoursArguments opposed
Reasons to oppose this legislation.
No arguments opposed have been submitted.
Submit yoursRead the latest version inline or switch to a previous version.