{"data":{"id":"us/12-u.s.c.-5238","jurisdiction":"us","citation":"12 U.S.C. § 5238","heading":"Study on mark-to-market accounting","body":"(a) StudyThe Securities and Exchange Commission, 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 depository institutions. Such a study shall consider at a minimum—(1) the effects of such accounting standards on a financial institution’s balance sheet; (2) the impacts of such accounting on bank failures in 2008; (3) the impact of such standards on the quality of financial information available to investors; (4) the process used by the Financial Accounting Standards Board in developing accounting standards; (5) the advisability and feasibility of modifications to such standards; and (6) alternative accounting standards to those provided in such Statement Number 157. (b) ReportThe Securities and Exchange Commission shall submit to Congress a report of such study before the end of the 90-day period beginning on October 3, 2008, containing the findings and determinations of the Commission, including such administrative and legislative recommendations as the Commission determines appropriate.","path":["Title 12—BANKS AND BANKING","CHAPTER 52—EMERGENCY ECONOMIC STABILIZATION"],"source_url":"https://uscode.house.gov/download/releasepoints/us/pl/119/103/xml_usc12@119-103.zip","current_through":"Public Law 119-103 (09/02/2026)","vintage":"","retrieved_at":"2026-09-10T05:56:24Z","sha256":"690a14d64ab30de484fac5798180ced29e5ab8e2f62b64400593c1992891d2fd","source_id":"us","stale":true,"prev":"us/12-u.s.c.-5237","next":"us/12-u.s.c.-5239"},"notice":"GroundRules: Original legal text. Not legal advice."}