Section[ SEC. 133. STUDY ON MARK-TO-MARKET ACCOUNTING.
Title[ TITLE I -- TROUBLED ASSETS RELIEF PROGRAM
SEC. 133. STUDY ON MARK-TO-MARKET ACCOUNTING.
(a) 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 --
(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) 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 the date of the enactment of this Act containing the findings and
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determinations of the Commission, including such administrative and legislative recommendations as the Commission determines appropriate.
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