PlainBillCongress, translated.Legislation. Context. Public interest.Referred to the Subcommittee on Finance and Hazardous Materials.
Congressional Research Service
Version 00 · Introduced in House · Oct 3, 2000
Financial Accounting for Intangibles Reexamination (FAIR) Act - Expresses the sense of Congress that before changing existing accounting rules for business combinations and intangible assets, the Securities and Exchange Commission and the Financial Accounting Standards Board should undertake a comprehensive reexamination of appropriate accounting methods for purchased and internally generated intangibles including goodwill, and should await the results of related studies of these issues.States that the availability and use of the pooling of interests method of accounting for any business combination shall be determined in accordance with generally accepted accounting principles in effect on October 1, 2000.Establishes the Commission on Financial Accounting for Intangibles to consider specified aspects of: (1) generally accepted accounting principles; (2) intangible assets; and (3) the pooling of interests method of accounting for business combinations.Instructs the Commission to report its recommendations and conclusions to the President and Congress.
People & committees
Rep. Cox, Christopher [R-CA-47] · R–CA
Legislative record
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Referred to the Subcommittee on Finance and Hazardous Materials.
Referred to the House Committee on Commerce.
Introduced in House
Introduced in House
Primary sources
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Source last updated: Aug 20, 2025. Consult Congress.gov for the current record.
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