Independence in Accounting Standard Setting

Bill proposed to create the "Investor Protection Act of 2009"

This is a public regulatory initiative  public


On October 28, 2009, the House Financial Services Committee held a hearing regarding the Investor Protection Act of 2009 (H.R. 1349).  This act proposes to create a new Federal Oversight Board, to approve and oversee accounting principles and standards for the purposes of the federal financial regulatory agencies, and for other purposes. This bill has the potential to have a significant impact on how accounting standards are set.

H.R. 1349, the Miller amendment to this act, and a transcript of the HFSC discussion, are all posted as supporting documents to the right of this panel.  Also on the right-hand panel, we have compiled the information for you to submit your views to the House Financial Services Committee or your representative to Congress.

This AAACommons community has been created to help our members learn more and contribute to the conversation.  Please post related documents, share any letters you write, and join in the discussions!


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Source documents on the issue

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How to Respond

  • If you write a letter, save it as a PDF.

    It can be emailed to the following senior staff of Chairman Frank: - Deputy Chief of Staff, Office of Rep. Barney Frank and - Chief of Staff, House Financial Services Committee. 

    If you prefer, you could fax it to Barney Frank’s office at 202-225-0182

    The House Financial Services Committee also has a link established for emails on the following page and suggests that letters also be sent to the Member of Congress that represents their region.

    There is an email form on the website to contact representatives. It is designed for communication from constituents within that state and attachments are not accepted through that service.

    Finally, a hard copy chould be mailed:

    The Honorable Barney Frank
    Committee on Financial Services
    U.S. House of Representatives
    Room 2128 Rayburn House Office Building
    Washington, DC 20510

    The Honorable Spencer Bachus
    Ranking Member Committee on Financial Services
    at the same address

Organizations involved