Political Quotes

Mike Levin: Does the Senator remember, as I do very vividly because I appeared before the Federal Financial Standards Board in the…

On the recordJuly 11, 2002
Does the Senator remember, as I do very vividly because I appeared before the Federal Financial Standards Board in the middle 1990s to support their independence, when they decided that you had to expense options, that it was compensation, that it had value like all other forms of compensation? Does the Senator remember what the Financial Accounting Standards Board decided when they left it optional, as to whether or not to either expense options or to show them as a footnote--just to disclose them without actually expensing them? Because if the Senator does not, I would like to read what the Financial Accounting Standards Board said about the pressure they were put under, the horrendous, horrific pressure they were put under, and how they could have, indeed, been put out of existence if they went forward with what they believed was right, which is what Warren Buffett says.
Said by
Mike Levin
Democratic · California

Editor's note · Context

Discussing the Financial Accounting Standards Board's decisions on expensing options during a Senate debate.

Share

More from Mike Levin

Jul 28, 2026

“Mr. Speaker, it is my honor to recognize Esmeralda Gonzalez and David Ontiveros, residents of Oceanside, as my Co-Constituents of the Month for June 2026.

levin.house.gov
Jul 7, 2026

Esmeralda and David represent the very best of what community means.

levin.house.gov
Jul 16, 2026

I firmly believe in a future where Israelis and Palestinians live side by side in peace, security, and self-determination.

levin.house.gov

Other voices in this conversation