More on Corporate Governance
Maloney Lauds Passage of Business Reform Statement of Rep. Carolyn B. Maloney Ranking Member Subcommittee on Domestic Monetary Policy, Technology & Economic Growth Committee on Financial Services
Mr. Speaker I rise in strong support of the conference report for the Sarbanes-Oxley Act.
WASHINGTON: Congresswoman Carolyn B. Maloney responded strongly to President Bush's speech on corporate reform today, challenging the administration to stand up for competitive pay for SEC employees and to endorse stronger reforms. Maloney has been active in efforts to provide competitive pay to SEC Employees and is the Ranking Member of the Subcommittee on Domestic Monetary Policy, Technology and Economic Growth of the Financial Services Committee. Her statement follows:
The past year will go down in history as one of the most scandal ridden in the history of our nation's capital markets. Enron, Global Crossing, Tyco and ImClone all raise the cloud of insider corruption, massive financial restatements and outright fraud on investors. The legislation before us takes an important step in assigning these episodes to history and ensuring that the Securities and Exchange Commission (SEC) has the resources to prevent future calamities.
Washington, D.C. - Today, Congresswoman Carolyn B. Maloney (D-NY) introduced and passed an amendment to H.R. 3763, the Corporate and Auditing Accountability, Responsibility, and Transparency Act of 2002, in the Financial Services Committee.
WASHINGTON, D.C. - A statement from Rep. Maloney: