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HR 5365 106th Congress House

Financial Accounting for Intangibles Reexamination (FAIR) Act

Official title: To impose a temporary moratorium on the elimination of the existing "pooling of interests" method of accounting for business mergers and acquisitions, and for other purposes.

Introduced: October 3, 2000 See on congress.gov
Commerce AccountingCongressCongressional reporting requirementsCorporate mergers
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Economic impact statementsEconomics and Public FinanceFederal advisory bodiesFinance and Financial SectorFinancial statementsGovernment Operations and PoliticsInformation disclosure (Securities law)Intangible propertyIntellectual propertyInvestmentsLabor and EmploymentPension fundsSecurities industryStandards
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This bill died when the 106th Congress ended
It never became law before the 106th Congress (1999–2000) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Oct 20, 2000
Referred to the Subcommittee on Finance and Hazardous Materials.
Oct 3, 2000
Introduced in House
Oct 3, 2000
Referred to the House Committee on Commerce.
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 Latest action October 20, 2000

Referred to the Subcommittee on Finance and Hazardous Materials.

 Plain-English summary Congressional Research Service
Financial Accounting for Intangibles Reexamination (FAIR) Act - Expresses the sense of Congress that before changing existing accounting rules for business combinations and intangible assets, the Securities and Exchange Commission and the Financial Accounting Standards Board should undertake a comprehensive reexamination of appropriate accounting methods for purchased and internally generated intangibles including goodwill, and should await the results of related studies of these issues.

States that the availability and use of the pooling of interests method of accounting for any business combination shall be determined in accordance with generally accepted accounting principles in effect on October 1, 2000.

Establishes the Commission on Financial Accounting for Intangibles to consider specified aspects of: (1) generally accepted accounting principles; (2) intangible assets; and (3) the pooling of interests method of accounting for business combinations.

Instructs the Commission to report its recommendations and conclusions to the President and Congress.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
 Cosponsors 1
All 1 Democratic 1
D
Smith, Adam
Washington · Oct 3, 2000
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 5365: Financial Accounting for Intangibles Reexamination (FAIR) Act. 106th Congress. Open America. https://openamerica.io/bill/106-HR-5365/
MLA
"H.R. 5365: Financial Accounting for Intangibles Reexamination (FAIR) Act." 106th Congress, 2026, Open America, https://openamerica.io/bill/106-HR-5365/.
Bluebook (legal)
H.R. 5365, 106th Cong. (2026), https://openamerica.io/bill/106-HR-5365/.
Markdown link
[H.R. 5365: Financial Accounting for Intangibles Reexamination (FAIR) Act](https://openamerica.io/bill/106-HR-5365/)
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