Lummis, Nickel and Flood Introduce Joint Resolution to Overturn SEC's SAB 121 Rule
February 01, 2024
February 01, 2024
WASHINGTON, Feb. 1 -- Sen. Cynthia M. Lummis, R-Wyoming, issued the following news release:
U.S. Senator Cynthia Lummis (R-WY) alongside Reps. Wiley Nickel (D-NC) and Mike Flood (R-NE) introduced a bipartisan, bicameral Congressional Review Act resolution to overturn the U.S. Securities and Exchange Commission's (SEC) Staff Accounting Bulletin (SAB) 121.
SAB 121 has serious implications for consumers and banks by confusing the distinction between customer assets and b . . .
U.S. Senator Cynthia Lummis (R-WY) alongside Reps. Wiley Nickel (D-NC) and Mike Flood (R-NE) introduced a bipartisan, bicameral Congressional Review Act resolution to overturn the U.S. Securities and Exchange Commission's (SEC) Staff Accounting Bulletin (SAB) 121.
SAB 121 has serious implications for consumers and banks by confusing the distinction between customer assets and b . . .