Members of the United States Congress have initiated actions to challenge the U.S. Securities and Exchange Commission’s (SEC) Staff Accounting Bulletin No. 121 (SAB 121). Congressional challenge to SEC’s SAB 121 Sen. Cynthia Lummis (R-Wyo.), along with Reps. Wiley Nickel (D-N.C.) and Mike Flood (R-Neb.) introduced resolutions in both the Senate and House of Representatives
