New York (Sept. 1, 2004) -- With the Senate preparing to debate a bill that would stymie a plan by accounting rulemakers to require companies to expense all stock options granted to employees, the head of the Securities and Exchange Commission reportedly urged Senate members to stay out of the debate.

"I believe strongly that FASB's consideration of this proposed standard regarding stock options should be allowed to run its full course,'' SEC Chairman William Donaldson reportedly wrote to Senate majority leader Bill Frist and other senators in an Aug. 19 letter.

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