Congressman Flood Votes to Control Spending, Advances SAB 121 Push Back
March 22, 2024
March 22, 2024
WASHINGTON, March 22 -- Rep. Mike Flood, R-Nebraska, issued the following news release:
Today, U.S. Congressman Mike Flood issued a statement following passage of H.R. 2882, The Further Consolidated Appropriations Act, 2024. The package included report language crafted by Rep. Flood that pushes back on the U.S. Securities & Exchange Commission's (SEC) Staff Accounting Bulletin (SAB) 121. SAB 121 prevents banks from providing custodial services to digital assets investors by requ . . .
Today, U.S. Congressman Mike Flood issued a statement following passage of H.R. 2882, The Further Consolidated Appropriations Act, 2024. The package included report language crafted by Rep. Flood that pushes back on the U.S. Securities & Exchange Commission's (SEC) Staff Accounting Bulletin (SAB) 121. SAB 121 prevents banks from providing custodial services to digital assets investors by requ . . .