FASB's proposed standard is similar to
IFRS 2. The coalition – known as the
Financial Accounting Coalition for Truthful Statements (FACTS) said that "H.R. 3574/S. 1890, 'The Stock Option Accounting Reform Act,' would establish the dangerous precedent of Congress intervening to substitute special interest provisions in place of standards that are set independently and objectively to achieve accurate and transparent financial reporting." Click to download the Coalition's
Public Statement and list of members (PDF 30k).