Earl Blumenauer: “This bill brought before us is not the way in which Congress should craft legislation. While I'm supportive of increased…”

“This bill brought before us is not the way in which Congress should craft legislation. While I'm supportive of increased criminal penalties for corporate misconduct, which this bill includes, it falls far short in other areas necessary to bring needed changes to the corporate world--lack of whistleblower protection and extending the statute of limitations for investor lawsuits. No time was provided to review and analyze this legislation. It did not go through the committee process where it could be debated and refined in a bipartisan manner and was brought to the floor in a manner that does not allow amendments to be offered. Therefore, I do not support this bill. The only reason to treat Congress and the American public this way is to provide political cover.”