It is unfathomable to me that the committee is not demanding that FASB explain why it is enacting an accounting standard disproportionately impacting low- and moderate-income consumers and minorities.
Meeks criticizes the committee for not questioning FASB about its accounting standards affecting vulnerable communities.
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It is explicit in the agreement that our sovereignty is not threatened, so this is duplicative, and that is why I oppose it. Mr. Chairman, I have no further speakers. I yield back the balance of my time.
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