Washington (July 23, 2004) -- Ten years after Congress blocked a 1994 effort by the Financial Accounting Standards Board to require stock option expensing, lawmakers and accounting rulemakers find themselves in the midst of another showdown on expensing.
In the latest round of the fight on options, two Democratic and two Republican senators fired back at House legislation passed this week that would stall stock option expensing. Senators Peter G. Fitzgerald, R-Ill., John McCain, R-Ariz., Carl Levin, D-Mich., and Richard Durbin, D- Ill., banded together to pledge their support for FASB’s plan to require companies to expense all stock options.
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