Fabio
76b8ec33a7
Ingested titles 12–51 and 54 from OLRC USLM XML @119-100 (the whole Code now, uniform edition; Title 53 is reserved/empty). LegalText 11,221 -> 59,740; repo total 105,704 records. Deterministic (byte-identical rerun, verified on Title 42's 8,356 sections); make check green. make legal-us-code default now covers every title. Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>
50 lines
2.3 KiB
Markdown
50 lines
2.3 KiB
Markdown
---
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type: "LegalText"
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title: "12 U.S.C. § 5238"
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description: "Study on mark-to-market accounting"
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jurisdiction: "us"
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corpus: "united_states_code"
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kind: "code_section"
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title_number: 12
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title_name: "BANKS AND BANKING"
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chapter_number: "52"
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chapter_name: "EMERGENCY ECONOMIC STABILIZATION"
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section: "5238"
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citation: "12 U.S.C. § 5238"
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status: "current"
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release_point: "119-100"
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release_date: "2026-06-26"
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source: "official"
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source_url: "https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc12@119-100.zip"
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source_identifier: "/us/usc/t12/s5238"
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source_file: "data/legal/raw/us/code/title-12/usc12.xml"
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source_hash: "1e4653baf02b85ba35f8fb5b2e4b1055895e10690530ac9967ba66f50a74c9a0"
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raw_snapshot_hash: "e6b98700ef4156ac33fde5d105824845d727afa91a53f3762be2cf4d1a3b01fa"
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text_hash: "1cc6e66523ddac25c1f16df3216a86e02cda2783e0d510f51e98a1caa9a3ed4f"
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retrieved_at: "2026-07-04"
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confidence: "official"
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tags: ["legal", "us-code"]
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---
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# 12 U.S.C. § 5238 - Study on mark-to-market accounting
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## Text
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(a) Study The Securities and Exchange Commission, in consultation with the Board and the Secretary, shall conduct a study on mark-to-market accounting standards as provided in Statement Number 157 of the Financial Accounting Standards Board, as such standards are applicable to financial institutions, including depository institutions. Such a study shall consider at a minimum—
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(1) the effects of such accounting standards on a financial institution’s balance sheet;
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(2) the impacts of such accounting on bank failures in 2008;
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(3) the impact of such standards on the quality of financial information available to investors;
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(4) the process used by the Financial Accounting Standards Board in developing accounting standards;
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(5) the advisability and feasibility of modifications to such standards; and
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(6) alternative accounting standards to those provided in such Statement Number 157.
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(b) Report The Securities and Exchange Commission shall submit to Congress a report of such study before the end of the 90-day period beginning on October 3, 2008, containing the findings and determinations of the Commission, including such administrative and legislative recommendations as the Commission determines appropriate.
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(Pub. L. 110–343, div. A, title I, § 133, Oct. 3, 2008, 122 Stat. 3798.)
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