Political Quotes

“In the CR under consideration today are two provisions providing the Securities and Exchange Commission with additional authorities and resources to protect investors. The second provision allows the SEC to fund the start-up expenses of the Public Company Accounting Oversight Board to begin to provide the additional necessary scrutiny in corporate accounting. There was also a bill put in earlier today, I believe it has been put in, which does the following: with regard to the fiscal year 2003 Commerce-State-Justice appropriations bill, it includes $776 million for the Securities and Exchange Commission. That is the level that is authorized by the Sarbanes-Oxley bill. It is $209 million, I will tell the gentleman, above the President's request; and it is higher than the amount that was in the Senate bill. In addition to fully funding the SEC's pay parity cost, the funding will include an increase of $100 million for information technology initiatives such as enhanced automated analytical tools, an integrated document management system, a central data repository and various e-government projects.”