Page:Emergency Economic Stabilization Act of 2008.djvu/88

 O:k4YOk4YO0 8 C0 4.xanl 88 1 States money market mutual fhnd industrT, from fhnds 2 under this Act. 3 (b) LIMITS ON USE OF EXCHANGE STABILIZATION 4 FUND. The Secretar T is prohibited from using the Ex- 5 change Stabilization Fund for the establishment of any 6 fhture guaranty programs for the United States money 7 market mutual fhnd industr T. 8 SEC. 132. AUTHORITY TO SUSPEND MARK-TO-MARKET AC- 9 COUNTING. 10 (a) AUTHORITY. The Securities and Exchange Cora- l 1 mission shall have the authority under the securities laws 12 (as such term is defined in section 3(a)(47) of' the Securi- 13 ties Exchange Act of' 1934 (15 U.S.C. 78c(a)(47)) to sus- 14 pend, by rule, regulation, or order, the application of' 15 Statement Number 157 of' the Financial Accounting 16 Standards Board for any issuer (as such term is defined 17 in section 3(a)(8) of' such Act) or with respect to any class 18 or categotT of' transaction if' the Commission determines 19 that is necessarT or appropriate in the public interest and 20 is consistent with the protection of' investors. 21 (b) SAVINGS PROVISION. Nothing in subsection (a) 22 shall be construed to restrict or limit any authority of' the 23 Securities and Exchange Commission under securities 24 laws as in effect on the date of' enactment of' this Act.

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