President Biden Vetoes SEC SAB 121 Repeal Resolution

U.S. President Joe Biden issued a veto against H.J.Res. 109, a solution that would disapprove of the Securities and Exchange Commission’s (SEC) Staff Accounting Bulletin No. 121 (SAB 121). In its veto document, Bides states that the support of this Republican-led solution would “inappropriately constrain the SEC’s quality to acceptable distant due guardrails and code […]