Washington (July 13, 2004) -- Financial Accounting Standards Board chair Robert H. Herz made another trip to Capitol Hill in an effort to urge congressional leaders to oppose House legislation that would thwart the board's proposal to mandate stock potion expensing.

In testimony before a House subcommittee last week, Herz defended FASB's controversial proposal to expense all employee stock options and urged members of the House Commerce, Trade and Consumer Protection Subcommittee to oppose H.R. 3574, which would only require companies to expense options granted to their top five executives and would exempt certain small business issuers.

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