Amendment in the nature of a substitute sought to replace the language in the bill with the text of the "Accounting Standards Integrity Act".

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Amendment Number
713
Description
Amendment in the nature of a substitute sought to replace the language in the bill with the text of the "Accounting Standards Integrity Act".
Purpose
An amendment numbered four printed in House Report 108-616 which includes findings concerning the SEC authority over standard setting, the importance of the Financial Accounting Standards Board (FASB) independence and credible accounting standards to the economy and investors, the recent actions of Congress in Sarbanes-Oxley to strengthen the standard-setting process, the comparative advantage provided to the U.S. by high quality accounting standards, and the damage to the standard-setting process of legislative pre-emption.
Congress
108
Type
HAMDT
Latest Action Date
Jul 20, 2004
Latest Action Text
On agreeing to the Kanjorski amendment (A004) Failed by recorded vote: 127 - 293 (Roll no. 396).
Latest Action Time
14:40:13
Submitted Date
Jul 20, 2004
Chamber
House of Representatives
Update Date
Sep 29, 2021
Amendment 713 — Informed