Complex sentence: Steagall Act of 1932, the adoption of the Mandatory Security Valuation Reserve by the National Association of Insurance Commissioners, which cushioned market fluctuations, and the Financial Accounting Standards Board, (FASB) in the USA and Canada, which regulates pensions valuations and funding.
Split into simpler sentences: Steagall Act of 1932, the adoption of the Mandatory Security Valuation Reserve by the National Association of Insurance Commissioners; the latter law cushioned market fluctuations. And the Financial Accounting Standards Board, (FASB) in the USA and Canada, regulates pensions valuations and funding.