PlainBillCongress, translated.Legislation. Context. Public interest.Referred to the Subcommittee on Finance and Hazardous Materials.
Congressional Research Service
Version 00 · Introduced in House · Feb 5, 1998
Financial Accounting Fairness Act of 1998 - Amends the Securities Exchange Act of 1934 to prescribe guidelines under which the Securities and Exchange Commission (SEC) must review and approve accounting principles proposed by an accounting standards board as a prerequisite to SEC treatment of: (1) such proposals as generally accepted accounting principles; and (2) industry financial statements as being non-compliant with generally accepted accounting principles. Includes within such guidelines: (1) SEC consideration of investor protection, and the promotion of efficiency, competition, and capital formation; (2) SEC consultation with Federal banking agencies; (3) a public file of the record engendered by a proposed accounting principle; and (4) the availability of judicial review.
People & committees
Rep. Baker, Richard H. [R-LA-6] · R–LA
Legislative record
A procedural vote is different from passage. Passage in one chamber does not establish enactment. Explore the glossary.
Referred to the Subcommittee on Finance and Hazardous Materials.
Referred to the House Committee on Commerce.
Sponsor introductory remarks on measure. (CR E120-121)
Introduced in House
Introduced in House
Primary sources
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Source last updated: Aug 21, 2025. Consult Congress.gov for the current record.
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