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A controversial bill curbing a proposed rule on accounting for employee stock options is expected to soon reach the House floor. The bill has broad support and is expected to easily pass in the full House, but Senate approval is seen as problematic. The bill would restrict an FASB proposal that requires companies to count stock options' value as expenses. Opponents argue that congressional interference into FASB's rule-making sets a dangerous precedent.
July 20, 2004 at 12:00 AM
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The original version of this story was published on Law.Com
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