[Congressional Record Volume 148, Number 95 (Monday, July 15, 2002)]
[Daily Digest]
[Pages D753-D754]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]



                                              Monday, July 15, 2002

[[Page D753]]

                              Daily Digest


HIGHLIGHTS

      Senate passed H.R. 3763, Accounting Reform.


                                 Senate


Chamber Action
Routine Proceedings, pages S6729-S6812
Measures Introduced: Three bills were introduced, as follows: S. 2 and 
S. 2728-2729.
  Page S6808
Measures Reported:
  Report to accompany S. 2487, to provide for global pathogen 
surveillance and response. (S. Rept. No. 107-210)
Page S6808
Measures Passed:
  Public Company Accounting Reform and Investor Protection Act: By a 
unanimous vote of 97 yeas (Vote No. 176), Senate passed S. 2673, to 
improve quality and transparency in financial reporting and independent 
audits and accounting services for public companies, to create a Public 
Company Accounting Oversight Board, to enhance the standard setting 
process for accounting practices, to strengthen the independence of 
firms that audit public companies, to increase corporate responsibility 
and the usefulness of corporate financial disclosure, to protect the 
objectivity and independence of securities analysts, to improve 
Securities and Exchange Commission resources and oversight, after 
taking action on the following amendments proposed thereto: 
                                                         Pages S6734-79
Adopted:
  Sarbanes (for Shelby) Modified Amendment No. 4261, to require the SEC 
to conduct a study and submit a report to the Congress on aider and 
abettor violations of the Federal securities laws.
Page S6777
  By a unanimous vote of 97 yeas (Vote No. 174), Reid (for Carnahan) 
Modified Amendment No. 4286 (to Amendment No. 4187), to require timely 
and public disclosure of transactions involving management and 
principal stockholders.
Pages S6735-77, S6777-78
  By a unanimous vote of 97 yeas (Vote No. 175), Edwards Modified 
Amendment No. 4187, to address rules of professional responsibility for 
attorneys.
Pages S6735, S6778
  By unanimous consent, passage of S. 2673 was subsequently vitiated, 
and the bill was then returned to the Senate calendar.
  Corporate and Auditing Accountability, Responsibility, and 
Transparency Act: By unanimous consent, Committee on Banking, Housing, 
and Urban Affairs was discharged from further consideration of H.R. 
3763, to protect investors by improving the accuracy and reliability of 
corporate disclosures made pursuant to the securities laws, and the 
bill was then passed, after striking all after the enacting clause and 
inserting in lieu thereof the text of S. 2673, Senate companion 
measure, as passed (listed above).
  Pages S6779-93
  Senate insisted on its amendment, requested a conference with the 
House thereon, and the Chair was authorized to appoint conferees on the 
part of the Senate.
Page S6793
  Subsequently, by further unanimous consent, passage of S. 2673 
(listed above) was vitiated, and the bill was then returned to the 
Senate calendar.
Greater Access to Affordable Pharmaceuticals Act: Senate began 
consideration of the motion to proceed to consideration of S. 812, to 
amend the Federal Food, Drug, and Cosmetic Act to provide greater 
access to affordable pharmaceuticals.
  Pages S6797-S6801
  A motion was entered to close further debate on the motion to proceed 
to consideration of the bill and, in accordance with the provisions of 
Rule XXII of the Standing Rules of the Senate, a cloture vote will 
occur on Wednesday, July 17, 2002.
Page S6798
  A unanimous-consent agreement was reached providing for further 
consideration of the motion to proceed to consideration of the bill at 
10:30 a.m., on Tuesday, July 16, 2002.
Page S6811
Removal of Injunction of Secrecy: The injunction of secrecy was removed 
from the following treaties:
  Treaty with Sweden on Mutual Legal Assistance in Criminal Matters 
(Treaty Doc. No. 107-12); and

[[Page D754]]


  Treaty with Belize on Mutual Legal Assistance in Criminal Matters 
(Treaty Doc. No. 107-13).
  The treaties were transmitted to the Senate today, considered as 
having been read for the first time, and referred, with accompanying 
papers, to the Committee on Foreign Relations and ordered to be 
printed.
Pages S6810-11
Nominations Confirmed: Senate confirmed the following nomination:
  Lavenski R. Smith, of Arkansas, to be United States Circuit Judge for 
the Eighth Circuit.
Pages S6794-97, S6812
  Prior to this action, by 94 yeas to 3 nays (Vote No. 177), three-
fifths of those Senators duly chosen and sworn, having voted in the 
affirmative, Senate agreed to the motion to close further debate on the 
nomination of Lavenski R. Smith, of Arkansas, to be United States 
Circuit Judge for the Eighth Circuit.
Pages S6793-94
Nominations Received: Senate received the following nominations:
  Glenn Bernard Anderson, of Arkansas, to be a Member of the National 
Council on Disability for a term expiring September 17, 2002.
  Glenn Bernard Anderson, of Arkansas, to be a Member of the National 
Council on Disability for a term expiring September 17, 2005. 
(Reappointment)
  Milton Aponte, of Florida, to be a Member of the National Council on 
Disability for a term expiring September 17, 2003.
  Barbara Gillcrist, of New Mexico, to be a Member of the National 
Council on Disability for a term expiring September 17, 2002.
  Barbara Gillcrist, of New Mexico, to be a Member of the National 
Council on Disability for a term expiring September 17, 2005. 
(Reappointment)
  Graham Hill, of Virginia, to be a Member of the National Council on 
Disability for a term expiring September 17, 2002.
  Graham Hill, of Virginia, to be a Member of the National Council on 
Disability for a term expiring September 17, 2005. (Reappointment)
  Joel Kahn, of Ohio, to be a Member of the National Council on 
Disability for a term expiring September 17, 2004.
  Patricia Pound, of Texas, to be a Member of the National Council on 
Disability for a term expiring September 17, 2005. (Reappointment)
  Marco A. Rodriguez, of California, to be a Member of the National 
Council on Disability for a term expiring September 17, 2002.
  Marco A. Rodriguez, of California, to be a Member of the National 
Council on Disability for a term expiring September 17, 2005. 
(Reappointment)
  David Wenzel, of Pennsylvania, to be a Member of the National Council 
on Disability for a term expiring September 17, 2004.
  Linda Wetters, of Ohio, to be a Member of the National Council on 
Disability for a term expiring September 17, 2003.
Page S6812
Messages From the House:
  Pages S6806-07
Measures Placed on Calendar:
  Page S6807
Measures Read First Time:
  Page S6807
Executive Communications:
  Pages S6807-08
Additional Cosponsors:
  Pages S6808-10
Additional Statements:
  Page S6806
Notices of Hearings/Meetings:
  Page S6810
Privilege of the Floor:
  Page S6810
Record Votes: Four record votes were taken today. (Total--177) 
                                              Pages S6778, S6779, S6794
Adjournment: Senate met at 12 noon, and adjourned at 8:12 p.m., until 
9:30 a.m., on Tuesday, July 16, 2002.