A bill to require a majority vote of the Securities and Exchange Commission for the adoption of accounting standards and principles used in the preparation of financial statements required under the Securities Exchange Act of 1934.
Accounting Standards Reform Act of 1994 - Amends the Securities Exchange Act of 1934 to require an affirmative vote of the majority of a quorum of the Securities and Exchange Commission for either the adoption or modification of any accounting principle or standard.
Introduced in Senate
Sponsor introductory remarks on measure. (CR S14507-14510)
Read twice and referred to the Committee on Banking.
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