Congressmen Flood & Nickel with Senator Lummis Introduce Bipartisan Resolution to Repeal SAB 121
February 01, 2024
February 01, 2024
WASHINGTON, Feb. 1 -- Rep. Mike Flood, R-Nebraska, issued the following news release:
U.S. Congressmen Mike Flood (R-NE) and Wiley Nickel (D-NC) introduced a resolution under the Congressional Review Act (CRA) to repeal the U.S. Securities and Exchange Commission's (SEC) Staff Accounting Bulletin (SAB) 121. U.S. Senator Cynthia Lummis (R-WY) has introduced a companion measure in the Senate. SAB 121 prevents banks from providing custodial services to digital assets investors by requi . . .
U.S. Congressmen Mike Flood (R-NE) and Wiley Nickel (D-NC) introduced a resolution under the Congressional Review Act (CRA) to repeal the U.S. Securities and Exchange Commission's (SEC) Staff Accounting Bulletin (SAB) 121. U.S. Senator Cynthia Lummis (R-WY) has introduced a companion measure in the Senate. SAB 121 prevents banks from providing custodial services to digital assets investors by requi . . .