Political Quotes

“Mr. Chair, I rise in opposition to this amendment. It is an amendment that would block the Public Company Accounting Oversight Board's proposal to strengthen standards for public company auditors to more proactively identify, evaluate, and communicate a company's noncompliance with laws and rules. Why in the world wouldn't we want to warn investors about scofflaw companies? The PCAOB's proposal will increase auditor vigilance against fraud and general noncompliance with laws and regulations. Steps like these would encourage companies to take more timely action to remediate issues and reduce harm to investors. This amendment would represent a significant setback to PCAOB's commonsense efforts to combat fraud. Let's protect investors. I strongly oppose this amendment, and I urge a ``no'' vote. Mr. Chair, I reserve the balance of my time.”