Political Quotes

“I thank Representative Garcia for this important piece of legislation that establishes a whistleblower program at the Public Company Accounting Oversight Board. This program is similar to the program that was created by the Dodd-Frank Wall Street Reform and Consumer Protection Act for the Securities and Exchange Commission. At the SEC, this program has proven to be extremely successful and has been instrumental in incentivizing whistleblowers to report suspected misconduct while protecting them from retaliation by their employers. According to the SEC, the SEC's whistleblower program has awarded approximately $381 million to 62 individual whistleblowers since the program began. Given the PCAOB's critical mission to protect investors and further the public interest by ensuring informative, accurate, and independent audit reports of public companies and SEC-registered brokers and dealers, it is vital that PCAOB whistleblowers are incentivized to come forward and are protected from employer retaliation. Due to the success of this program and its proven track record at the SEC, I urge my colleagues to support this commonsense bill. Madam Speaker, I reserve the balance of my time. Mr. McHENRY. Madam Speaker, I yield myself such time as I may consume. I rise to speak on H.R. 3625, the PCAOB Whistleblower Protection Act. I thank the Congresswoman from Texas for her leadership on this bill and for her work on the committee.…”