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OMB Issues Statement of Administration Policy on Congressional Disapproval of Securities and Exchange Commission Staff Accounting Bulletin No. 121
May 08, 2024
WASHINGTON, May 8 -- The White House Office of Management and Budget issued the following statement of administration policy on a joint resolution (H.J.Res. 109) providing for Congressional disapproval of "Staff Accounting Bulletin No. 121" issued by the Securities and Exchange Commission. The joint resolution was was introduced by Rep. Mike Flood, R-Nebraska, and four cosponsors.

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The Administration strongly opposes passage of H.J. Res. 109, which would . . .

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