by Chairman Christopher Cox, U.S. Securities & Exchange Commission, Before the U.S. House Committee on Financial Services
Chairman Oxley, Ranking Member Frank, and Members of the Committee:
Thank you for inviting me to testify on behalf of the Securities and Exchange Commission concerning the impact of the Sarbanes-Oxley Act of 2002. I am especially pleased to be testifying today alongside Chairman Mark Olson of the Public Company Accounting Oversight Board, with whom I am working very closely to implement the Act.
On this fourth anniversary of the Sarbanes-Oxley Act, I'd like to begin by recognizing the leadership of this Committee under Chairman Oxley and Ranking Member Frank. When President Bush issued his Ten-Point Plan to Improve Corporate Responsibility and Protect America's Shareholders, on March 7, 2002, in the wake of the Enron collapse, this Committee put forward a plan that contained many of those elements. And most of those essential provisions of this Committee's legislation were included in the Conference Report on the final Sarbanes-Oxley Act.
See full Testimony .
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