The quality of decisions generally cannot be better than the quality of the information on which they are based.
Wayne Allard
The Public Record
Wayne Allard is a former United States Senator from Colorado, serving from 1997 to 2009. A member of the Republican Party, Allard was known for his focus on issues such as healthcare, education, and fiscal responsibility during his time in office. He played a significant role in various legislative efforts, including those aimed at improving accounting standards and transparency in financial reporting. Allard's tenure was marked by his commitment to ensuring that investors had access to reliable information for decision-making. After leaving the Senate, he continued to be involved in public service and advocacy.
Clear, accurate, consistent, and reliable accounting standards are necessary for investors to have the information necessary to make decisions.
I would like to thank you for holding this hearing to examine the convergence of the global accounting standards.
If I may respond, it is not a sledgehammer approach. It is a mild little push to try to improve the program. I agree, some programs can be improved if we increase appropriations, and that is what we need to do. But maybe to get their…
The Allard amendment is a commonsense amendment. It looks at those programs that are rated as ineffective by the Office of Management and Budget. It is a nonpartisan process. It was set up by the Congress more than 10 years ago. It is time…