Senator introduces bill blocking FASB accounting rule

Reynolds, Katherine M.
November 1997
Bond Buyer;11/17/97, Vol. 322 Issue 30274, p1
Trade Publication
Announces the Senator Lauch Faircloth's introduction of a legislation in Congress to block the Financial Accounting Standards Board's (FASB) derivatives accounting rule for banks on November 13, 1997. Terms of Faircloth's bill; Opposition to the FASB rule across the industry; Arguments raised by both supporters and critics of the FASB rule.


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