The Financial Accounting Standards Board (FASB) has issued a proposal that will require stock option expensing for all companies.

This move by the FASB comes after months of urging from America’s small business community to reconsider its quest to mandate the expensing of employee stock options.

According to the National Venture Capital Association (NVCA), this latest FASB proposal will result in less accurate financial statements, impede comparability and penalize rank-and-file workers.

Most importantly, the NVCA says, this proposal will harm private, emerging growth companies that are dependent on employee stock options to recruit and retain employees.

“The FASB’s proposal reflects a blatant disregard for the challenges that small businesses will face in attempts to comply with this proposed standard,” said NVCA President Mark Heesen in a statement. “Every step the FASB has taken, from selecting discredited valuation standards to ignoring pleas for field testing, to rushing to push the standard through at any cost, is indicative of an organization that chooses not to listen. Our economy is going to pay a considerable price.”