SAB 121: Biden Intervenes, Vetoes Congressional SEC Guidance Resolution

U.S. President Joe Biden vetoed a joint resolution by Congress that would have repealed the SECs Staff Accounting Bulletin 121 (SAB 121). Announcing his veto on Friday, Biden said he would not support any “measures that jeopardize the well-being of consumers and investors.” In his statement, Biden described SAB 121 as a Republican-led resolution that […] source: https://coinedition.com/sab-121-biden-intervenes-vetoes-congressional-sec-guidance-resolution/