As Deadline Looms, Sen. Brown Demands Tough ‘Best Interest’ Enforcement
By Bill Flook Sen. Sherrod Brown, in a June 1, 2020, letter to the SEC, asked the commission to undertake …
Trump ‘Looking at’ Forcing U.S.-Listed Chinese Companies to Follow Audit Requirements
By Bill Flook President Donald Trump, in a May 14, 2020, interview on Fox Business, said his administration is “looking at” …
Sen. Warren, Rep. Khanna Demand Worker Board Representation in Next COVID-19 Relief Package
By Bill Flook Two Democratic lawmakers are demanding that the next COVID-19 relief bill include a mandate that employees are …
House Bill Would Mandate Pandemic Risk Disclosure
By Bill Flook Rep. Brad Sherman, a California Democrat who heads the House Financial Services Committee’s Capital Markets subcommittee, has …
House Democrat Introduces Bill Requiring Country-by-Country Reporting
By Bill Flook A House Democrat is introducing legislation that would require large companies to make new country-by-country disclosures on …
Warren Bill Would Mandate Sweeping Corporate Governance, Political Spending Reforms
By Bill Flook Sen. Elizabeth Warren has reintroduced a measure that would put in place sweeping reforms to how large …
House Passes Bill to Ban Trading in the ‘8-K Gap’
By Bill Flook The House of Representatives, by a wide margin, on January 13, 2020, passed a measure to bar …
Electric Energy Sector Says Accounting Rule Causing Losses to Profitable Contracts
By Denise Lugo The Edison Electric Institute (EEI), a group that represents all U.S. investor-owned electric companies, asked the FASB …
Bankruptcy Filers Could Face Extra Hurdles Under New Lease Accounting Changes
By Denise Lugo Companies filing for bankruptcy could find adopting new lease accounting changes unpleasant, many of which require them …
Rep. Sherman, as Capital Markets Chair, Will Increase Accounting Focus
By Bill Flook Rep. Brad Sherman, the new chairman of the House Financial Services Committee’s Capital Markets subcommittee, said he …