Political Quotes

Jim Ryun: “I believe the approval of H.R. 3574 is essential to the economic well-being of many businesses, most significantly, many…”

On the recordJuly 20, 2004
I believe the approval of H.R. 3574 is essential to the economic well-being of many businesses, most significantly, many small businesses. As for the gentleman's amendment, while H.R. 3574 only requires the expensing of stock options granted to the top five employees of a given company, it is still necessary to accurately determine a value for the option to be expensed. Determining this value has proven tedious at best and extremely inconsistent and inaccurate at worst. One of the reasons for the unreliability of these valuations is the requirement to factor in the anticipated volatility of a company's future stock prices. The value has proven virtually impossible and actually difficult to determine and is highly susceptible to error and manipulation. I urge my colleagues to reject this amendment.
Said by
Jim Ryun
Kansas
Source
govinfo.gov

Editor's note · Context

Opposing an amendment related to the expensing of stock options during a House floor debate.

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