FEDERAL · 12 U.S.C. · Chapter SUBCHAPTER I—TROUBLED ASSETS RELIEF PROGRAM
Authority to suspend mark-to-market accounting
12 U.S.C. § 5237
Title12 — Banks and Banking
ChapterSUBCHAPTER I—TROUBLED ASSETS RELIEF PROGRAM
This text of 12 U.S.C. § 5237 (Authority to suspend mark-to-market accounting) is published on Counsel Stack Legal Research, covering United States primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
12 U.S.C. § 5237.
Text
(a)Authority
The Securities and Exchange Commission shall have the authority under the securities laws (as such term is defined in section 78c(a)(47) of title 15) to suspend, by rule, regulation, or order, the application of Statement Number 157 of the Financial Accounting Standards Board for any issuer (as such term is defined in section 78c(a)(8) of such title) or with respect to any class or category of transaction if the Commission determines that is necessary or appropriate in the public interest and is consistent with the protection of investors.
(b)Savings provision
Nothing in subsection (a) shall be construed to restrict or limit any authority of the Securities and Exchange Commission under securities laws as in effect on October 3, 2008.
Free access — add to your briefcase to read the full text and ask questions with AI
Related
§ 78c
12 U.S.C. § 78c
Source Credit
History
(Pub. L. 110–343, div. A, title I, §132, Oct. 3, 2008, 122 Stat. 3798.)
Cite This Page — Counsel Stack
Bluebook (online)
12 U.S.C. § 5237, Counsel Stack Legal Research, https://law.counselstack.com/usc/12/5237.