Amendment108th Congress
At the end of the bill, insert the following: \ SEC. 5. CONFIRMATION OF S.E.C. AUTHORITY. \ Nothing in this Act shall be construed to impair or limit the authority of the Commission to establish accounting principles or standards on its own initiative as the Commission deems necessary in the public interest or for the protection of investors.
- Amendment Number
- 712
- Description
- At the end of the bill, insert the following: \ SEC. 5. CONFIRMATION OF S.E.C. AUTHORITY. \ Nothing in this Act shall be construed to impair or limit the authority of the Commission to establish accounting principles or standards on its own initiative as the Commission deems necessary in the public interest or for the protection of investors.
- Purpose
- An amendment numbered three printed in House Report 108-616 to preserve the authority of the Securities and Exchange Commission (SEC) to establish accounting principles or standards on its own initiative as the SEC deems necessary in the public interest or for the protection of investors. It is intended to preserve the SEC's ability to prescribe the contents of public filings.
- Congress
- 108
- Type
- HAMDT
- Latest Action Date
- Jul 20, 2004
- Latest Action Text
- On agreeing to the Maloney amendment (A003) Failed by recorded vote: 114 - 308 (Roll no. 395).
- Latest Action Time
- 14:33:06
- Submitted Date
- Jul 20, 2004
- Chamber
- House of Representatives
- Update Date
- Sep 29, 2021