Current draft

this is from the summary, easier to understand, and these are the GIFTS to the RIGHT

Section 132. Authority to Suspend Mark-to-Market Accounting.
Restates the Securities and Exchange Commission’s authority to suspend the application
of Statement Number 157 of the Financial Accounting Standards Board if the SEC
determines that it is in the public interest and protects investors.
Section 133. Study on Mark-to-Market Accounting.
Requires the SEC, in consultation with the Federal Reserve and the Treasury, to conduct
a study on mark-to-market accounting standards as provided in FAS 157, including its
effects on balance sheets, impact on the quality of financial information, and other
matters, and to report to Congress within 90 days on its findings.

From WIKI

In accounting, mark to market is the act of assigning a value to a position held in a financial instrument based on the current market price for the instrument or similar instruments. For example, the final value of a futures contract that expires in 9 months will not be known until it expires. If it is marked to market, for accounting purposes it is assigned the value that it would fetch in the open market currently.

http://en.wikipedia.org/wiki/Mark_to_market

:rofl:

but that's the penalty for not passing it the first time. They hold the country hostage and demand some sort of genuflection to their discredited ideology. Asking for reviews of the valuation model is not crazy but trying to jam deregulation and tax cuts into this bill is completely daft.

Finally we can agree on something.