Not a market report
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Following a March 12 Congressional hearing at which lawmakers threatened to enact legislation to amend mark-to-market accounting standards if the Financial Accounting Standards Board (FASB) did not act, the FASB on March 16 issued proposed guidance to allow companies to exercise more judgment in determining if a market for an asset is active and if a transaction is “distressed,” according to the National Apartment Association/National Multi Housing Council.
