Under a Financial Accounting Standards Board proposal, companies could reflect the effects of the new 21% rate on their balance sheets.
General Electric's three core assets — power, aviation, and healthcare — may one day be up for grabs.
The board offers an option it thinks will cut paperwork and other expenses linked to its new lease-accounting standard.
If the refinancing effort is not successful, the company "will consider all other options" to maximize asset value.
Two-thirds of the writedown is due to a provision of the law designed to encourage companies to repatriate funds from overseas.
The bank is joining other companies that are writing down the value of their deferred tax assets in the wake of the U.S. legislation.
S&P estimates the cut in the corporate tax rate will result in an aggregate writedown of about $14 billion of life insurers' deferred tax assets.
The new tax cuts will make winners out of companies with big deferred tax liabilities and losers of those with large tax assets, an expert forecasts.
The struggling retailer gets more time to pay off a $400 million loan and expects to obtain a new secured credit facility.
Regulators are seeking to give banks more information about the testing process without enabling them to game the system.