Political Quotes

Barney Frank: “I was particularly struck that the Chamber of Commerce said we don't need this bill because Sarbanes-Oxley has been such…”

On the recordApril 18, 2007
I was particularly struck that the Chamber of Commerce said we don't need this bill because Sarbanes-Oxley has been such a good law. Specifically, what they said was, Sarbanes-Oxley has yielded significantly stronger and more independent boards and compensation committees. So I think that the Chamber of Commerce's endorsement of the good results of Sarbanes-Oxley also ought to be made public here.
Said by
Barney Frank
Democratic · Massachusetts

Editor's note · Context

Discussing the positive impact of Sarbanes-Oxley during a committee meeting.

Share

More from Barney Frank

Jan 9, 2024

Barney Frank said that he believed that it was a war on crypto that motivated this--not a systemic risk of crypto.

congress.gov
Apr 5, 2017

For example, there are key differences in product characteristics between payday, car title, and other high-cost secured loans and more traditional closed-end unsecured lending and related products, and the products are often regulated…

congress.gov
Nov 12, 2019

Congress generally, and this subcommittee in particular has historically played a critical role in strengthening accountability at the World Bank.

congress.gov
Oct 21, 2019

Fannie Mae and Freddie Mac do very good work, and they are not endangering the fiscal health of this country.

congress.gov

Other voices in this conversation