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Lummis Applauds House Committee Passage of Bipartisan, Bicameral Effort to Overturn SEC's SAB 121 Rule
March 09, 2024
WASHINGTON, March 9 -- Sen. Cynthia M. Lummis, R-Wyoming, issued the following news release:

U.S. Senator Cynthia Lummis (R-WY) applauded the House Financial Services Committee's passage of the bipartisan, bicameral Congressional Review Act resolution to overturn the U.S. Securities and Exchange Commission's (SEC) Staff Accounting Bulletin (SAB) 121 rule.

"SAB 121 has the potential to shake the foundation of essential custody services and increase bankruptcy risks . . .

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