Lummis, McHenry Release Statement Following GAO Determination on Staff Accounting Bulletin 121
November 01, 2023
November 01, 2023
WASHINGTON, Nov. 1 -- Sen. Cynthia M. Lummis, R-Wyoming, issued the following news release:
WASHINGTON, D.C. - Today, U.S. Senator Cynthia Lummis (R-WY) and Financial Services Committee Chair Patrick McHenry (R-NC) released the following statement after the Government Accountability Office (GAO) determined that Staff Accounting Bulletin 121 (SAB 121) is a rule for the purposes of the Congressional Review Act. SAB 121 greatly harms consumers and is a clear overreach of the authority . . .
WASHINGTON, D.C. - Today, U.S. Senator Cynthia Lummis (R-WY) and Financial Services Committee Chair Patrick McHenry (R-NC) released the following statement after the Government Accountability Office (GAO) determined that Staff Accounting Bulletin 121 (SAB 121) is a rule for the purposes of the Congressional Review Act. SAB 121 greatly harms consumers and is a clear overreach of the authority . . .