12 USC § 5237 - Authority to suspend mark-to-market accounting

---
identifier: "/us/usc/t12/s5237"
source: "usc"
legal_status: "official_prima_facie"
title: "12 USC § 5237 - Authority to suspend mark-to-market accounting"
title_number: 12
title_name: "BANKS AND BANKING"
section_number: "5237"
section_name: "Authority to suspend mark-to-market accounting"
chapter_number: 52
chapter_name: "EMERGENCY ECONOMIC STABILIZATION"
subchapter_number: "I"
subchapter_name: "TROUBLED ASSETS RELIEF PROGRAM"
positive_law: false
currency: "119-84"
last_updated: "2026-04-17"
format_version: "1.1.0"
generator: "[email protected]"
source_credit: "(Pub. L. 110–343, div. A, title I, § 132, Oct. 3, 2008, 122 Stat. 3798.)"
---


# § 5237. Authority to suspend mark-to-market accounting

**(a)** **Authority** section 78c(a)(47) of title 15

The Securities and Exchange Commission shall have the authority under the securities laws (as such term is defined in ) to suspend, by rule, regulation, or order, the application of Statement Number 157 of the Financial Accounting Standards Board for any issuer (as such term is defined in section 78c(a)(8) of such title) or with respect to any class or category of transaction if the Commission determines that is necessary or appropriate in the public interest and is consistent with the protection of investors.

**(b)** **Savings provision** October 3, 2008

Nothing in subsection (a) shall be construed to restrict or limit any authority of the Securities and Exchange Commission under securities laws as in effect on .

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**Source Credit**: (Pub. L. 110–343, div. A, title I, § 132, Oct. 3, 2008, 122 Stat. 3798.)