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The Financial Accounting Standards Board's proposal requiring companies to expense stock options found some much-needed support on Capitol Hill on Tuesday. Sen. Peter Fitzgerald, chairman of the governmental affairs financial management subcommittee, applauded the plan and vowed to fight any legislative effort to block it. "Congressional interference in 1993 resulted in disastrous consequences," Fitzgerald said at a hearing on the FASB proposal.
April 22, 2004 at 12:00 AM
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The original version of this story was published on Law.Com
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