Congress is considering whether to make major revisions to the fair-value accounting rules that have created so much controversy lately. Possible changes include suspending the rules, improving value-at-risk measurements and reinstating the uptick rule.

Money managers have argued that fair-value accounting, also known as mark-to-market for the way it prices assets at whatever level the market is at, is undercutting their business and forcing even strong companies to mark down billions of dollars of assets to fire-sale prices.

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