Notice 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

April 2, 2009
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.


Fiscal and budgetary impacts unknown.

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