Notice

Stimulus.org is a historical project of the Committee for a Responsible Federal Budget, which tracked the money spent by the 2009 stimulus bill. This site is not regularly updated.

Change of "Market-to-Market" Financial Accounting Rules

Date: 
April 2, 2009
Who: 
Policy Area: 
Economic Target: 
Action Type: 

On April 2, 2009, the Financial Accounting Standards Board announced that it would relax fair-value (i.e., "market-to-market") accounting rules that obligated banks to value all assets at the current market price.  New guidelines would give banks greater flexibility in how they value "distressed" assets.

Notes: 

Fiscal and budgetary impacts unknown.

Website Design and Development, Washington DC