Bill Summary & Status for the 107th Congress

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S.2760
Title: A bill to direct the Securities and Exchange Commission to conduct a study and make recommendations regarding the accounting treatment of stock options for purposes of the Federal securities laws.
Sponsor: Sen Enzi, Michael B. [WY] (introduced 7/19/2002)      Cosponsors: 9
Latest Major Action: 7/19/2002 Referred to Senate committee. Status: Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
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TITLE(S):  (italics indicate a title for a portion of a bill)
STATUS: (color indicates Senate actions)
7/19/2002:
Introductory remarks on measure. (CR S7104-7106)
7/19/2002:
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
COMMITTEE(S):
RELATED BILL DETAILS:

***NONE***

AMENDMENT(S):

***NONE***

COSPONSORS(9), ALPHABETICAL [followed by Cosponsors withdrawn]:     (Sort: by date)

Sen Allard, A. Wayne - 7/31/2002 [CO] Sen Allen, George - 7/19/2002 [VA]
Sen Boxer, Barbara - 7/19/2002 [CA] Sen Brownback, Sam - 9/5/2002 [KS]
Sen Burns, Conrad R. - 7/19/2002 [MT] Sen Ensign, John E. - 7/19/2002 [NV]
Sen Feinstein, Dianne - 7/24/2002 [CA] Sen Frist, Bill - 7/19/2002 [TN]
Sen Lieberman, Joseph I. - 7/19/2002 [CT]

SUMMARY AS OF:
7/19/2002--Introduced.

Stock Option Fairness and Accountability Act - Instructs the Securities and Exchange Commission to analyze, and report recommendations to certain congressional committees on, the accounting treatment of stock options including: (1) the adequacy of current disclosure requirements to investors and shareholders on stock options; (2) the adequacy of corporate governance requirements, including shareholder approval of stock option plans; and (3) the accuracy of available stock option pricing models.