---
kind: "section"
citation: "12 U.S.C. § 5237"
title: "12"
title_heading: "Banks and Banking"
number: "5237"
heading: "Authority to suspend mark-to-market accounting"
release: "119-102"
date: "2026-07-12"
url: "https://uscodex.org/usc/12/5237"
units:
  - "Chapter 52 — Emergency Economic Stabilization"
  - "Subchapter I — Troubled Assets Relief Program"
---

# §5237. Authority to suspend mark-to-market accounting

- (a) **Authority—** The Securities and Exchange Commission shall have the authority under the securities laws (as such term is defined in [section 78c(a)(47) of title 15](/usc/15/78c.md?p=a-47)) to suspend, by rule, regulation, or order, the application of Statement Number 157 of the Financial Accounting Standards [Board](/usc/12/5202.md?p=2) for any issuer (as such term is defined in [section 78c(a)(8)](/usc/15/78c.md?p=a-8) of such title) or with respect to any class or category of transaction if the Commission determines that is necessary or appropriate in the public interest and is consistent with the protection of investors.
- (b) **Savings provision—** Nothing in [subsection (a)](#a) shall be construed to restrict or limit any authority of the Securities and Exchange Commission under securities laws as in effect on October 3, 2008.

## Source credit

(Pub. L. 110–343, div. A, title I, § 132, Oct. 3, 2008, 122 Stat. 3798.)