Page:Emergency Economic Stabilization Act of 2008.djvu/89

 O:kAYOkAYO08C04.xaxd 1 2 3 4 89 SEC. 133. STUDY ON MARK-TO-MARKET ACCOUNTING. (a) STUDY. The Securities and Exchange Commis- sion, in consultation with the Board and the Secretary, shall conduct a study on mark-to-market accounting standards as provided in Statement Number 157 of' the Financial Accounting Standards Board, as such standards are applicable to financial institutions, including deposi- Such a study shall consider at a min- toT institutions. illlUlll- 5 6 7 8 9 10 (1) the effects of such accounting standards on 11 a financial institution's balance sheet; 12 (2) the impacts of such accounting on bank fail- 13 ures in 2008; 14 (3) the impact of such standards on the quality 15 of financial information available to investors; 16 (4) the process used by the Financial Account- 17 ing Standards Board in developing accounting 18 standards; 19 (5) the advisability and feasibility of modifica- 20 tions to such standards; and 21 (6) alternative accounting standards to those 22 provided in such Statement Number 157. 23 (b) REPOT.--The Securities and Exchange Commis- 24 sion shall submit to Congress a report of such study before 25 the end of the 90-day period beginning on the date of the 26 enactment of this Act containing the findings and deter-

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