Expresses the sense of the Congress that: (1) the accounting standards proposed by the Financial Accounting Standards Board will have grave economic consequences, particularly for businesses in new-growth sectors, which rely heavily on entrepreneurship; and (2) the Board should not change the current accounting rules by requiring that businesses deduct the value of stock options from profits.
Referred to the Subcommittee on Telecommunications and Finance.
Introduced in Senate
Sponsor introductory remarks on measure. (CR S10933-10934)
Referred to the Committee on Banking.
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