For Immediate Release
Office of the Press Secretary
July 15, 2002
Statement by the President
In February, I outlined measures to protect the pensions of America's
workers from corporate wrongdoing. In March, I proposed a series of
initiatives to improve shareholder information, strengthen corporate
governance and create a stronger, more independent accounting system.
Last week, I called for additional far-reaching reforms. I am pleased
the Senate has now acted on a tough bill that shares my goals and
includes all of the accounting and criminal reforms I proposed. The
House previously passed strong reform legislation to get tough on
corporate malfeasance and significantly improve oversight of the
accounting profession. I urge the House and Senate leaders to get a
bill to my desk before the August recess. We owe it to Americas
workers and shareholders to crack down on wrongdoing and fix the system
to prevent future abuses.
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