Relative to accounting standards proposed by the Financial Accounting Standards Board.
This resolution states that changes to accounting standards for employee stock options could harm businesses, especially in fast-growing sectors. It urges the Financial Accounting Standards Board not to enforce new rules that would require businesses to deduct stock options' values from profits.
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SCR 54 — Relative to accounting standards proposed by the Financial Accounting Standards Board.
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1Introduced
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2In Committee
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3Passed Senate
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4Passed Assembly
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5To Executive
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6Enacted
This bill died with 1993-1994 Regular Session. It reached “Introduced” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
This bill is no longer active — its legislative session has ended, so there is no live prognosis. It would have to be reintroduced in the current session to move again.
In plain language
The bill expresses opposition to proposed accounting changes regarding employee stock options.
This resolution states that changes to accounting standards for employee stock options could harm businesses, especially in fast-growing sectors. It urges the Financial Accounting Standards Board not to enforce new rules that would require businesses to deduct stock options' values from profits.
What this means for you
- Small Business: This means that small businesses in growth sectors may continue using stock options without the added burden of new accounting rules.
Bill Text
What changed in the latest version
1 added · 1 removedPlain-language change summary
The latest version of Bill SCR 54 includes additional lines to clarify some of its provisions. This change helps ensure that the bill's intentions are easier to understand and follow. By making these updates, lawmakers aim to improve transparency and effectiveness, which is important for better governance.
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View plain text versions (2)
- Chaptered 08/29/94 - Chaptered Current pdf August 29, 1994
- SCR54 View text html
Sponsors
- Wright · Cosponsor
- Alquist · Cosponsor
- Vasconcellos · Cosponsor
- Campbell · Cosponsor
- Wyman · Cosponsor
- Ferguson · Cosponsor
- Goldsmith · Cosponsor
- Quackenbush · Cosponsor
- Dave Cortese · Cosponsor
Sponsorship breakdown
Export CSV (upgrade) →0 sponsors · 9 co-sponsors · 113 not signed on
Sponsors (0)
None.
Co-sponsors (9)
- Wright
- Alquist
- Vasconcellos
- Campbell
- Wyman
- Ferguson
- Goldsmith
- Quackenbush
- Cortese, Dave Democratic
Not signed on (113)
113 members have not signed on to this bill.
Show all 113 →"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.
Subjects
Frequently asked questions
- Who sponsors SCR 54?
- SCR 54 is sponsored by Wright, Alquist, Vasconcellos, Campbell, Wyman, Ferguson, Goldsmith, Quackenbush, and Cortese, Dave (Democratic).
- What is the current status of SCR 54?
- This bill died with 1993-1994 Regular Session. It reached “Introduced” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
- Where can I track SCR 54?
- Track SCR 54 free on One Click Politics — get push/email alerts when it moves.
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