HR 1349
111th Congress
House
Finance and Financial Sector
Accounting and auditing
Administrative law and regulatory procedures
Administrative remedies
Bank accounts, deposits, capital
Banking and financial institutions regulation
Department of the Treasury
Executive agency funding and structure
Federal Deposit Insurance Corporation (FDIC)
Federal Reserve System
Government information and archives
Licensing and registrations
National Credit Union Administration
Securities and Exchange Commission (SEC)
User charges and fees
Federal Accounting Oversight Board Act of 2009
Introduced: March 5, 2009
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 5, 2009
Referred to the House Committee on Financial Services.
Mar 5, 2009
Introduced in House
Plain-English summary
Federal Accounting Oversight Board Act of 2009 - Establishes the Federal Accounting Oversight Board (FAOB) to approve and oversee accounting principles and standards for purposes of the federal financial regulatory agencies and the reporting requirements they require.
Directs the FAOB to report annually to Congress, the Financial Accounting Standards Board, and the International Accounting Standards Board on the principles and standards it has reviewed and approved
Amends the Securities Act of 1933 and the Securities Exchange Act of 1934 to transfer standard body oversight authority from the Securities and Exchange Commission (SEC) to the FAOB.
What's happening now
Referred to the House Committee on Financial Services.
Committees of jurisdiction
1