Corporate Accountability Report Index-Summary

LEASES

– Lessor accounting issues, FASB discussion paper expected, 110

LEGISLATION, FEDERAL

– Ed. Note: This heading covers bills with assigned numbers. For information on measures not yet assigned numbers, see specific subject headings.
– House

– – Hill Watch Status of significant bills, chart, 522
– – HR 1, American Recovery and Reinvestment Act, executive compensation amendments planned, 161; conference report will have Treasury regulating bonuses, golden parachutes, 220; chart compares limits with other programs, 221
– – HR 302, Short sales of securities, Ackerman (D-NY) introduces, Outlook, 148; referred to committee, 319
– – HR 384, TARP Reform and Accountability Act, establishing new limits on executive compensation for TARP funds, Obama nears agreement, 67; House passes, 99
– – HR 627, Credit card industry regulation, Maloney (D-NY) reintroduces bill, 316
– – HR 682, Stop Trading on Congressional Knowledge Act, to stop insider trading by legislative and executive branch employees, introduced by Slaughter (D-NY) and Baird (D-Wash), 135
– – HR 1068, Let Wall Street Pay for Wall Street's Bailout Act, taxing securities transactions, introduced by DeFazio (D-Or), strongly opposed by STA, 258
– – HR 1095, TARP Transparency Reporting Act, prohibiting use of funds for lobbying, AFL-CIO supports, 465
– – HR 1105, Omnibus Appropriations Act, increasing SEC funding, passes House, 285
– – HR 1212, Broker-dealer auditors, amending SOX to subject to PCAOB oversight and close Madoff loophole, introduced by Kanjorski (D-Pa), 297; AICPA urges Congress to tighten regulation, 553
– – HR 1349, Creating Federal Accounting Oversight Board, introduced by Perlmutter (D-Colo) and Lucas (R-Okla), 325
– – HR 1518, Taxing TARP recipient bonuses at 100 percent, introduced by Israel (D-NY), 344
– – HR 1542, Taxing bonuses at 100 percent if government owns majority stake, introduced by Maloney (D-NY), 344
– – HR 1586, Taxing bonuses by TARP recipients of more than $5M, passes House, 405; constitutional concerns raised, 406
– – HR 1664, Taxing excessive bonuses by TARP recipients, passes House, 405
– – HR 1748, Fight Fraud Act, passes House committee, 534
– – HR 1909, Mark-to-market accounting, suspending, introduced by Cohen (D-Tenn), 444

– Senate

– – S 18, Strengthening TARP IG power, introduced by Snowe (R-Me), 161
– – S 133, TARP Transparency Reporting Act, prohibiting use of funds for lobbying, AFL-CIO supports, 465
– – S 331, Supplemental Anti-Fraud Enforcement Markets Act, introduced by Schumer (D-NY) and Shelby (R-Ala), 131
– – S 386, Fraud Enforcement and Recovery Act, funding FBI white collar crime unit, amendments proposed would add SEC funding for fraud schemes, 501; passes Senate, 534; passes House with amendments, 568; passes both House and Senate with further amendments, 631; Pres. signs, 664; liability broader under new law, 697
– – S 431, Executive compensation, establishing quasi-judicial TARP enforcement mechanism, introduced by Whitehouse (D-RI), 253
– – S 651, Taxing bonuses by TARP recipients at 70%, introduced by Baucus (D-Mont) and Grassley (R-Iowa), 376; Baucus vows to push bill, 405; constitutional concerns raised, 406
– – S 681, Stop Tax Haven Abuse Act, Schapiro supports, 124
– – S 896, Helping Families Save Their Homes Act, signed by Pres., 664
– – S 1006, Excessive Pay Shareholder Approval Act, requiring shareholder approval of large pay packages, introduced by Durbin (D-Ill), 725
– – S 1073, Rating Accountability and Transparency Enhancement Act, granting SEC authority over credit rating agencies, introduced by Reed (D-RI), 665
– – S 1074, Shareholder Bill of Rights, granting proxy access and say on pay at public companies, introduced by Schumer (D-NY) and Cantwell (D-Wash), 629

LIMITATIONS PERIODS

See STATUTES OF LIMITATIONS

LOANS

– Auto industry loans, executive compensation deductions limited, 6
– Indenture notes, timely filing with SEC not required, debtor not in default (5th Cir.), 507
– Loss and credit risk, quarterly footnote disclosures, draft FASB rules coming, 513

LOSS CAUSATION

See PLEADING REQUIREMENTS

LOUISIANA

– Bonuses were disguised dividends to be shared, minority shareholders claim should have been brought as derivative action (La. Ct. App.), 236