Study
The 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—
the effects of such accounting standards on a financial institution’s balance sheet;
the impacts of such accounting on bank failures in 2008;
the impact of such standards on the quality of financial information available to investors;
the process used by the Financial Accounting Standards Board in developing accounting standards;
the advisability and feasibility of modifications to such standards; and
alternative accounting standards to those provided in such Statement Number 157.
Report
The Securities and Exchange Commission shall submit to Congress a report of such study before the end of the 90-day period beginning on , containing the findings and determinations of the Commission, including such administrative and legislative recommendations as the Commission determines appropriate.
Pub. L. 110–343, div. A, title I, § 133122 Stat. 3798(, , .)