S. J. RES. 59 is a joint resolution that expresses Congress's disapproval of a specific rule made by the Securities and Exchange Commission related to "Staff Accounting Bulletin No. 121." This resolution argues that the rule, published in the Federal Register on April 11,...
Simple Explanation
S. J. RES. 59 is like a big "no thank you" from Congress to a rule they didn't like from a special group in charge of making money rules. They want to make sure this rule doesn't count anymore.