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Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>
2026-07-06 10:51:44 -04:00

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LegalText 12 U.S.C. § 5237 Authority to suspend mark-to-market accounting us united_states_code code_section 12 BANKS AND BANKING 52 EMERGENCY ECONOMIC STABILIZATION 5237 12 U.S.C. § 5237 current 119-100 2026-06-26 official https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc12@119-100.zip /us/usc/t12/s5237 data/legal/raw/us/code/title-12/usc12.xml 8fa563371b2c9f9ccc7150f4080b2f53c9a671532b7e1ef17d21a91402474146 e6b98700ef4156ac33fde5d105824845d727afa91a53f3762be2cf4d1a3b01fa 03bdd63e9a227c5e5935a5cb1c6d5645eb1738d1fe23c2882af4305896921ec2 2026-07-04 official
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12 U.S.C. § 5237 - Authority to suspend mark-to-market accounting

Text

(a) Authority The Securities and Exchange Commission shall have the authority under the securities laws (as such term is defined in section 78c(a)(47) of title 15) to suspend, by rule, regulation, or order, the application of Statement Number 157 of the Financial Accounting Standards Board for any issuer (as such term is defined in section 78c(a)(8) of such title) or with respect to any class or category of transaction if the Commission determines that is necessary or appropriate in the public interest and is consistent with the protection of investors.

(b) Savings provision Nothing in subsection (a) shall be construed to restrict or limit any authority of the Securities and Exchange Commission under securities laws as in effect on October 3, 2008.

(Pub. L. 110343, div. A, title I, § 132, Oct. 3, 2008, 122 Stat. 3798.)