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United States · Bill · HR

H.R. 3574 (108th)

Stock Option Accounting Reform Act

referredUnited States· United States Congress· EN

Introduced

21 November 2003

Last action

7 September 2004 · Introduced

Status

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Sponsors

Rep. Baker, Richard H. [R-LA-6], Rep. Eshoo, Anna G. [D-CA-18], Rep. Dreier, David [R-CA-26], Rep. Kennedy, Mark R. [R-MN-6], Rep. Honda, Michael M. [D-CA-15], Rep. Tauscher, Ellen O. [D-CA-10], Rep. Lofgren, Zoe [D-CA-18], Rep. Cantor, Eric [R-VA-7], Sen. Burr, Richard [R-NC], Rep. Hayworth, J. D. [R-AZ-5], Rep. John, Christopher [D-LA-7], Rep. Brady, Kevin [R-TX-8], Rep. Shadegg, John B. [R-AZ-3], Rep. Hooley, Darlene [D-OR-5], Rep. Blumenauer, Earl [D-OR-3], Rep. Inslee, Jay [D-WA-1], Rep. McGovern, James P. [D-MA-2], Rep. Houghton, Amo [R-NY-31], Rep. Doolittle, John T. [R-CA-4], Rep. Dooley, Calvin M. [D-CA-20], Rep. Crowley, Joseph [D-NY-14], Rep. Carter, John R. [R-TX-31], Rep. Souder, Mark E. [R-IN-3], Rep. McIntyre, Mike [D-NC-7], Rep. Capuano, Michael E. [D-MA-8], Sen. Flake, Jeff [R-AZ], Rep. Smith, Lamar [R-TX-21], Rep. Moore, Dennis [D-KS-3], Rep. Davis, Lincoln [D-TN-4], Rep. Boucher, Rick [D-VA-9], Rep. Biggert, Judy [R-IL-13], Rep. Sessions, Pete [R-TX-17], Rep. Hinojosa, Ruben [D-TX-15], Rep. Davis, Artur [D-AL-7], Rep. Gonzalez, Charles A. [D-TX-20], Rep. Davis, Tom [R-VA-11], Rep. Hefley, Joel [R-CO-5], Rep. Putnam, Adam H. [R-FL-12], Rep. Thompson, Mike [D-CA-4], Rep. Ross, Mike [D-AR-4], Rep. Goodlatte, Bob [R-VA-6], Rep. Pearce, Stevan [R-NM-2], Rep. English, Phil [R-PA-3], Rep. Harman, Jane [D-CA-36], Rep. Bachus, Spencer [R-AL-6], Rep. Herger, Wally [R-CA-2], Rep. Grijalva, Raúl M. [D-AZ-7], Rep. Harris, Katherine [R-FL-13]

Subjects

Taxation

Source updated

7 April 2025

Taxation

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Summary

Stock Option Accounting Reform Act - Amends the Securities Exchange Act of 1934 to require an issuer of registered securities to show as an expense in its mandatory annual report the fair value of all stock purchase options granted to certain of its senior executive officers after December 31, 2004. Exempts small business issuers from such requirement. Amends the Securities Act of 1933 to require reporting of: (1) stock option expenses as a reduction of the total expense in the fiscal year in which they expire or are forfeited; and (2) as income any excess by which such reduction exceeds total option expenses for any fiscal year. Requires any accounting principle recognized as "generally accepted" by the Securities and Exchange Commission (SEC) regarding the expensing of stock purchase options to comply with this Act. Denies recognition to any such accounting principle until the Secretaries of Commerce and of Labor complete a joint study on the economic impact of mandatory expensing of all employee stock options.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 21 November 2003

    Introduced

    Referred to the House Committee on Financial Services.

    Source: IntroReferral

  2. 21 November 2003

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 21 November 2003

    Introduced

    Introduced in House

    Source: IntroReferral

  4. 2 December 2003

    Referred

    Referred to the Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises.

    Source: Committee

  5. 3 March 2004

    Committee

    Subcommittee Hearings Held.

    Source: Committee

  6. 12 May 2004

    Committee

    Forwarded by Subcommittee to Full Committee (Amended) by Voice Vote.

    Source: Committee

  7. 12 May 2004

    Committee

    Subcommittee Consideration and Mark-up Session Held.

    Source: Committee

  8. 3 June 2004

    Committee

    Committee Consideration and Mark-up Session Held.

    Source: Committee

  9. 15 June 2004

    Vote

    Ordered to be Reported (Amended) by the Yeas and Nays: 45 - 13.

    Source: Committee

  10. 15 June 2004

    Committee

    Committee Consideration and Mark-up Session Held.

    Source: Committee

  11. 25 June 2004

    Passed

    Mr. Boehlert asked unanimous consent that the Committee on Financial Services have until midnight on July 2 to file a report on H.R. 3574. Agreed to without objection.

    Source: Committee

  12. 15 July 2004

    Introduced

    Referred sequentially to the House Committee on Energy and Commerce for a period ending not later than July 16, 2004 for consideration of such provisions of the bill and amendment as fall within the jurisdiction of that committee pursuant to clause 1(f), rule X.

    Source: IntroReferral

  13. 15 July 2004

    Reported

    Reported (Amended) by the Committee on Financial Services. H. Rept. 108-609, Part I.

    Source: Committee

  14. 15 July 2004

    Reported

    Reported (Amended) by the Committee on Financial Services. H. Rept. 108-609, Part I.

    Source: Committee

  15. 16 July 2004

    Calendars

    Placed on the Union Calendar, Calendar No. 367.

    Source: Calendars

  16. 16 July 2004

    Discharge

    Committee on Energy and Commerce discharged.

    Source: Discharge

  17. 16 July 2004

    Committee

    Committee on Energy and Commerce discharged.

    Source: Committee

  18. 19 July 2004

    Reported

    Rules Committee Resolution H. Res. 725 Reported to House. Rule provides for consideration of H.R. 3574 with 1 hour of general debate. Previous question shall be considered as ordered without intervening motions except motion to recommit with or without instructions. Measure will be considered read. Specified amendments are in order.

    Source: Floor

  19. 20 July 2004

    Passed

    Motion to reconsider laid on the table Agreed to without objection.

    Source: Floor

  20. 20 July 2004

    Vote

    On passage Passed by the Yeas and Nays: 312 - 111 (Roll no. 397).

    Source: Floor

  21. 20 July 2004

    Vote

    Passed/agreed to in House: On passage Passed by the Yeas and Nays: 312 - 111 (Roll no. 397).

    Source: Floor

  22. 20 July 2004

    Floor

    The Clerk was authorized to correct section numbers, punctuation, and cross references, and to make other necessary technical and conforming corrections in the engrossment of H.R. 3574.

    Source: Floor

  23. 20 July 2004

    Passed

    The House adopted the amendment in the nature of a substitute as agreed to by the Committee of the Whole House on the state of the Union.

    Source: Floor

  24. 20 July 2004

    Floor

    The previous question was ordered pursuant to the rule.

    Source: Floor

  25. 20 July 2004

    Floor

    The House rose from the Committee of the Whole House on the state of the Union to report H.R. 3574.

    Source: Floor

  26. 20 July 2004

    Floor

    Rule provides for consideration of H.R. 3574 with 1 hour of general debate. Previous question shall be considered as ordered without intervening motions except motion to recommit with or without instructions. Measure will be considered read. Specified amendments are in order.

    Source: Floor

  27. 20 July 2004

    Floor

    The Speaker designated the Honorable Tom Latham to act as Chairman of the Committee.

    Source: Floor

  28. 20 July 2004

    Floor

    House resolved itself into the Committee of the Whole House on the state of the Union pursuant to H. Res. 725 and Rule XVIII.

    Source: Floor

  29. 20 July 2004

    Reported

    Considered under the provisions of rule H. Res. 725. (consideration: CR H6001-6022; text of measure as reported in House: CR H6011-6012)

    Source: Floor

  30. 20 July 2004

    Passed

    Rule H. Res. 725 passed House.

    Source: Floor

  31. 21 July 2004

    Introduced

    Received in the Senate.

    Source: IntroReferral

  32. 7 September 2004

    Introduced

    Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

Documents

11 official files

Referred in Senate (text)

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  • Referred in Senate (text)

    Referred in Senate · EN · 7 September 2004

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  • Referred in Senate (PDF)

    Referred in Senate · EN · 7 September 2004

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  • Engrossed in House (text)

    Engrossed in House · EN · 20 July 2004

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  • Engrossed in House (PDF)

    Engrossed in House · EN · 20 July 2004

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  • Passed House without amendment

    summary · EN · 20 July 2004

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  • Reported in House (text)

    Reported in House · EN · 16 July 2004

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  • Reported in House (PDF)

    Reported in House · EN · 16 July 2004

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  • Reported to House amended, Part I

    summary · EN · 15 July 2004

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  • Introduced in House (text)

    Introduced in House · EN · 21 November 2003

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  • Introduced in House (PDF)

    Introduced in House · EN · 21 November 2003

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  • Introduced in House

    summary · EN · 21 November 2003

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Sponsors

Showing 48 of 135 sponsors and actors.

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