On 11 October 2016, the Committee on Economic and Monetary Affairs (ECON) of the European Parliament (EP) voted on a report that supports a proposal by the European Commission (EC) to extend the financing of the European Financial Reporting Advisory Group (EFRAG) beyond 2016. Next to supporting the continued financing of EFRAG the report, which has now become publicly available, also demands that EP resolutions are considered in standard-setting and in the endorsement process.