Joe Pitts: “the economy is on the rebound. Most of our key economic indicators are showing good news, but one thing is hanging heavy…”

“the economy is on the rebound. Most of our key economic indicators are showing good news, but one thing is hanging heavy on the economy. The collapse of Enron has shaken America's faith in American corporations and accounting practices. Even the stock market is suffering because of this. Congress needs to address this. This week we will be voting on the Corporate and Auditing Accountability, Responsibility, and Transparency Act. This bill will improve corporate responsibility, reform accounting oversight, and increase corporate disclosure. Americans need to know that the companies they are investing in are reporting their finances honestly. Americans need to know that their finances will be protected, and Americans need to know that they can diversify their 401(k)s so they can protect themselves from investments that do not do as well as expected. Madam Speaker, I call on my colleagues to pass this important bill and tell every American that we care about honesty and integrity than we care about their retirement.”