July 26, 2002
Sarbanes-Oxley Born
After posting the August edition of the monthly ezine last week (10 days early), there already are enough developments to run an entire new issue, including:
– Sarbanes bill becomes “The Sarbanes-Oxley Act of 2002” as Senate and House conference concludes – yesterday, the entire House passed the Act and the Senate is expected to pass it today – the conference report for the Sarbanes-Oxley Act of 2002 is available at http://commdocs.house.gov/reports/107/h3763.pdf.
– Senate finally confirms four Commissioners for the SEC (Goldschmid, Campos, Atkins and Glassman) after a record length of time with the Senate conducting no confirmations for any position (due to politics as usual)
– Chairman Pitt is criticized for including suggestion of elevating his position to a Cabinet level one – with an attendent $30k pay raise – as part of list of proposals from the SEC to Senate and House conference – the Washington Post ran an incredible story yesterday based on interviews with current and past co-workers (on a no-name basis) that provides insights into what it is like to work with the Chairman – this article is available at http://www.washingtonpost.com/wp-dyn/articles/A60011-2002Jul24.html.
– ACCA conducted a webcast yesterday on the certification requirements that included panelists John Olson of Gibson Dunn, David Martin of Covington Burlin and David Berger of Wilson Sonsini. Anyone can listen to the archived webcast at http://www.acca.com/communities/networks/cslaw/post_enron.html.