S. 1890 · 108th Congress
Stock Option Accounting Reform Act
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Never voted on. It didn't reach a floor vote before the 108th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
R
EnziSponsor30 cosponsors · 10 D, 20 R
R
Allard
GA
R
Allen
BB
D
Boxer
CB
R
Burns
JE
R
Ensign
PM
D
Murray
HR
D
Reid
GS
R
Smith
MC
D
Cantwell
MC
R
Crapo
DF
D
Feinstein
KB
R
Bond
JC
R
Cornyn
PD
R
Domenici
DN
R
Nickles
JW
R
Warner
JB
D
Bingaman
JT
R
Talent
BC
R
Campbell
JI
R
Inhofe
RSR
Santorum
BM
D
Mikulski
LC
R
Craig
OH
R
Hatch
DS
D
Stabenow
TL
R
Lott
LA
R
Alexander
TC
R
Cochran
JL
D
Lieberman
JR
D
Rockefeller8 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
Stock Option Accounting Reform Act - Amends the Securities Exchange Act of 1934 to require an issuer of registered securities to show as an expense in its mandatory annual report the fair value of all stock purchase options granted to certain of its senior executive officers after December 31, 2004.
What it does: CRS summary · Introduced in Senate · Nov 19, 2003
Stock Option Accounting Reform Act - Amends the Securities Exchange Act of 1934 to require an issuer of registered securities to show as an expense in its mandatory annual report the fair value of all stock purchase options granted to certain of its senior executive officers after December 31, 2004.
Exempts small business issuers from such requirement.
Amends the Securities Act of 1933 to require reporting of: (1) stock option expenses as a reduction of the total expense in the fiscal year in which they expire or are forfeited; and (2) as income any excess by which such reduction exceeds total option expenses for any fiscal year.
Requires any accounting principle recognized as "generally accepted" by the Securities and Exchange Commission (SEC) regarding the expensing of stock purchase options to comply with this Act. Denies recognition to any such accounting principle until the Secretaries of Commerce and of Labor complete a joint study on the economic impact of mandatory expensing of all employee stock options.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Stock Option Accounting Reform Act
Latest action (Nov 19, 2003): Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Policy area: Taxation · Origin: Senate · Introduced: Nov 19, 2003
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.