ruminations on international financing and whatever
Labels: Broad new surveillance powers, McCain, warrantless surveillance
Financial instrument includes not only debt securities, equity securities, and derivatives, but also loans and accounts payable or receivable, and almost any other amount payable or receivable.
Financial instruments can be initially and subsequently measured at fair value (a current value) in the balance sheet. Current accounting standards of both the IASB and FASB require that some financial instruments be reported at fair value (trading securities and derivatives, for example). Current IASB standards give companies the option of reporting other financial instruments at fair value and the FASB recently issued an Exposure Draft of a Statement that would provide a similar option within U.S. GAAP
New restrictions would: --Give recipients of court-approved subpoenas for information in terrorist investigations the right to challenge a requirement that they refrain from telling anyone. --Eliminate a requirement that an individual provide the FBI with the name of a lawyer consulted about a National Security Letter, which is a demand for records issued by investigators. --Clarify that most libraries are not subject to demands in those letters for information about suspected terrorists. The legislation also takes aim at the distribution and use of methamphetamine by limiting the supply of a key ingredient found in everyday cold and allergy medicines. Yet another provision is designed to strengthen port security by imposing strict punishments on crew members who impede or mislead law enforcement officers trying to board their ships. New York Times Section 201 — Gives federal officials the authority to intercept wire, spoken and electronic communications relating to terrorism. Subsection 203(b) — Permits the sharing of grand jury information that involves foreign intelligence or counterintelligence with federal law enforcement, intelligence, protective, immigration, national defense or national security officials Section 204 — Makes clear that nothing in the law regarding pen registers — an electronic device which records all numbers dialed from a particular phone line — stops the government‘s ability to obtain foreign intelligence information. Section 207 — Increases the amount of time that federal officials may watch people they suspect are spies or terrorists. Section 212 — Permits Internet service providers and other electronic communication and remote computing service providers to hand over records and e-mails to federal officials in emergency situations. Section 215 — Authorizes federal officials to obtain "tangible items" like business records, including those from libraries and bookstores, for foreign intelligence and international terrorism investigations. Section 218 — Allows federal officials to wiretap or watch suspects if foreign intelligence gathering is a "significant purpose" for seeking a Federal Intelligence Surveillance Act order. The pre-Patriot Act standard said officials could ask for the surveillance only if it was the sole or main purpose. Section 223 — Amends the federal criminal code to provide for administrative discipline of federal officers or employees who violate prohibitions against unauthorized disclosures of information gathered under this act. Section 225 — Amends FISA to prohibit lawsuits against people or companies that provide information to federal officials for a terrorism investigation.
