Mary L. Schapiro: “I believe we can all agree that very few if anyone was able to effectively identify where the systemic risk resided in…”

We think the budget increase is really essential, given the additional responsibilities that the agency is taking on under Dodd-Frank and under the JOBS Act.

The worst result I think we could have would be for investors to lose confidence generally again, as they did after Enron, in the quality and the integrity of financial statements.

I commend Congressman Westmoreland and Ranking Member Frank for bringing forward bipartisan legislation, H.R. 3503, to bring transparency to the PCAOB's disciplinary proceedings.

These are critically important goals, and I support robust implementation of the Dodd-Frank Act's whistleblower program to support Congressional intent.