Amendment requires the Securities and Exchange Commission to consult and coordinate comments with the appropriate Federal banking agency before taking any action with respect to the manner in which loan loss reserves are reported in financial statements by banks.

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Amendment Number
253
Description
Amendment requires the Securities and Exchange Commission to consult and coordinate comments with the appropriate Federal banking agency before taking any action with respect to the manner in which loan loss reserves are reported in financial statements by banks.
Purpose
An amendment no. 8 printed in H. Rept. 106-214 to require that the Securities and Exchange Commission consult and coordinate comments with the appropriate Federal banking agency before taking any action with respect to the manner in which loan loss reserves are reported in financial statements by banks.
Congress
106
Type
HAMDT
Latest Action Date
Jul 1, 1999
Latest Action Text
On agreeing to the Roukema amendment (A008) Agreed to by recorded vote: 407 - 20 (Roll no. 271).
Latest Action Time
20:47:45
Submitted Date
Jul 1, 1999
Chamber
House of Representatives
Update Date
Aug 15, 2021
Amendment 253 — Informed