Political Quotes

“while I support the passage of this bill, I think we ought to recognize the role the Administration is already playing to deal with these serious problems of corporate responsibility. I was pleased that President Bush announced last week his suggestions for corporate accounting reform. The President forcefully argued that higher ethical standards are an imperative to restore confidence in corporate America. Those standards should, in his words, ``be enforced by strict laws and upheld by responsible business leaders'' and that ``corporations should not be disconnected from the values of our country.'' I also support the President's executive order to create the Corporate Fraud Task Force. Combined with new criminal penalties for corporate fraud, this taskforce can help bring stability to our Nation's economy. The President has also asked the Securities and Exchange Commission to adopt new rules to make sure that auditors are truly independent from the businesses which they audit. We also need to be sure the SEC has the resources it needs to carry out its other important responsibilities.”