CORPORATIONS

Amendments

Business and industry: improve financial reporting and independent audits and accounting services, create a Public Company Accounting Oversight Board, and improve SEC resources and oversight (S. 2673), S6340, S6363 [8JY], S6438, S6443, S6508, S6510, S6511, S6512 [9JY], S6538, S6541, S6542, S6543, S6544, S6547, S6548, S6552, S6557, S6559, S6576, S6578, S6580, S6581, S6582, S6583, S6584, S6586, S6590 [10JY], S6625, S6658, S6659, S6660, S6661, S6662, S6663, S6664, S6665, S6666, S6667, S6669, S6671, S6672, S6673, S6674, S6675, S6676, S6677 [11JY], S6687, S6688, S6690, S6712, S6713, S6714, S6715, S6716 [12JY], S6777 [15JY]

———protect investors by improving the accuracy and reliability of corporate disclosures pursuant to securities laws (H.R. 3763), H1557, H1563, H1564, H1565, H1567, H1574 [24AP]

Pensions: provide additional protection to participants in individual account plans, promote investment advice, and prohibit certain insider trades of securities (H.R. 3762), H1202 [10AP], H1248 [11AP]

———provide additional protection to participants in individual account plans, promote investment advice, and prohibit certain insider trades of securities (H.R. 3762), complete action (H. Res. 540)—consideration (H. Res. 547), H6667 [25SE]

———provide additional protection to participants in individual account plans, promote investment advice, and prohibit certain insider trades of securities (H.R. 3762), consideration (H. Res. 386), H1213 [11AP]

Analyses

Corporate and Criminal Fraud Accountability Act (H.R. 4098), E463 [9AP]

Corporate and Criminal Fraud Accountability Act (S. 2010), S1790 [12MR]

Ending the Double Standard for Stock Options Act (S. 1940), S737 [13FE]

Sarbanes-Oxley Act (H.R. 3763): Section VIII Relative to Corporate and Criminal Fraud Accountability, S7418-S7421 [26JY]

Appointments

Conferees: H.R. 3763, Corporate and Auditing Accountability, Responsibility, and Transparency Act, H4847 [17JY]

———H.R. 3763, Public Company Accounting Reform and Investor Protection Act, S6898 [17JY]

Articles and editorials

Accounting for Options, S6739 [15JY]

Accounting—Stronger Reforms, Please, S5265 [10JN]

America's Poor Standards, S6629 [11JY]

Bad Tax Policy—You Can Run . . ., E1021 [12JN]

Beltway Bubble, H5466 [25JY]

Big Business's Bad Behavior, S6763-S6765 [15JY]

Bush Needs To Drop the Velvet Glove Approach, S6693 [12JY]

Bush Took Oil Firm's Loans as Director, S6608 [11JY]

Cheney Named in Fraud Suit, S6609 [11JY]

Class Above the Corruption and Critics, S6691 [12JY]

Congressional Cowardice, H4912 [18JY]

Corporate Cake, S6628 [11JY]

Economic View—Enron's Way—Pay Packages Foster Spin, Not Results, S740 [13FE]

Editorials and Opinions Against Corporate Expatriation (excerpts), S7699 [31JY]

Enron's Fall Fuels Push for Stock Option Law, S737 [13FE]

Enthusiasm Ebbs for Tough Reform in Wake of Enron, S5264 [10JN]

Even Last Year, Option Spigot Was Wide Open, S738 [13FE]

Great Evasion—Where Have All the Taxes Gone?, S4746 [23MY]

Hold All Corporations Accountable, or Our Economy Will Not Improve, E514 [12AP]

In Tough Times, a Company Finds Profits in Terror War, H5339 [24JY]

Leading the News—Coke To Expense Employee Options, S6765 [15JY]

Media Mergers Ate Our News!, E653-E655 [29AP]

Money Talks, S6628 [11JY], S6738 [15JY]

Mr. Oxley Punts, H1548 [24AP], H4843 [17JY]

Officers May Gain More Than Investors in Move to Bermuda, E865 [20MY]

Review & Outlook—November Markets, S6553 [10JY]

SEC Chairman Pitt a Potential Liability to Administration, S6605 [11JY]

Show Me the Money (All of It), S6739 [15JY]

Stigmatizing Business, S6889 [17JY], H5465 [25JY], E1498 [5SE]

Stock Option Excesses, S6739 [15JY]

Stock Option Madness, S739 [13FE], S6738 [15JY]

Stock Options and Common Sense, S6627 [11JY]

Succeeding in Business, H4404 [9JY]

Three Point Plan for SEC Reform, S5266 [10JN]

U.S. Corporations Are Using Bermuda To Slash Tax Bills, S1149 [26FE]

Bills and resolutions

Bankruptcy: include bonuses and other extraordinary or excessive compensation of corporate officers and violators of securities and accounting laws in bankruptcy estates (see S. 2901), S8092 [3SE]

———increase priority claim amount for employee wages and recover certain excessive employee compensation paid just prior to bankruptcy (see S. 2820), S7579 [30JY]

———increase the aggregate amount of claims of employees for compensation and benefits relative to payment priorities (see H.R. 5178), H5086 [22JY]

———prevent corporate abuse and provide greater protection for employees (see H.R. 5525), H6982 [2OC]

———protect employees and retirees from corporate practices that deprive them of their earnings and retirement savings when a business files for bankruptcy (see S. 2798), S7372 [25JY] (see H.R. 5221), H5790 [25JY] (see H.R. 5664), H8021 [16OC]

———provide a right to be heard for participants and beneficiaries of an employee pension benefit plan of a debtor in order to protect pensions of those employees and retirees (see S. 3139), S10676 [17OC]

———provide for a creditors' committee of employee and retiree representatives of a debtor in order to protect pensions of those employees and retirees (see S. 3028), S9845 [2OC]

Business and industry: enhance penalties for accounting and auditing improprieties at publicly traded companies (see H.R. 5118), H4604 [15JY]

———enhance regulation of public auditors, improve corporate governance and overhaul corporate disclosure made pursuant to the securities laws (see H.R. 3818), H650 [28FE]

———enhance regulation of public auditors, improve corporate governance and overhaul corporate disclosure made pursuant to the securities laws (H.R. 3818), consideration (see H. Res. 479), H4497 [10JY]

———improve financial reporting and independent audits and accounting services, designate an Independent Public Accounting Board, and improve SEC resources and oversight (see S. 2004), S1705 [8MR]

———protect investors by guaranteeing the accuracy and reliability of corporate disclosures and increase the independence of the Financial Accounting Standards Board (see S. 2460), S3900 [6MY]

———protect investors by improving the accuracy and reliability of corporate disclosures pursuant to securities laws (see H.R. 3763), H523 [14FE]

———protect investors by improving the accuracy and reliability of corporate disclosures pursuant to securities laws (H.R. 3763), consideration (see H. Res. 395), H1532 [23AP]

———provide for enhanced corporate responsibility under securities laws (see H.R. 4083), H1152 [9AP]

———provide regulation of public accounting firms, improve financial reporting, independent audits and accounting services and designate an Independent Public Accounting Board (see S. 2247), S3303 [24AP]

———require improved disclosure of corporate charitable contributions (see H.R. 3745), H366 [13FE]

———restrict ability of officers and employees of the U.S. to enter into contracts with corporations or partnerships that move outside the U.S. while retaining substantially the same ownership (see S. 3120), S10571 [16OC]

———review accounting treatment and adopt generally accepted accounting principles for the treatment of employee stock options (see S. 2760), S7103 [19JY]

Contracts: prohibit certain expatriated corporations from being eligible for the award of Federal contracts (see H.R. 4831), H3036 [23MY]

Crime: prosecute persons who alter or destroy evidence in certain investigations or who defraud investors, prohibit certain debts from being discharged in bankruptcy, and protect whistleblowers from retaliation (see S. 2010), S1782 [12MR] (see H.R. 4098), H1152 [9AP]

———prosecute persons who alter or destroy evidence in investigations or defraud investors, prohibit certain debts from being discharged in bankruptcy, and protect whistleblowers (H.R. 4098), consideration (see H. Res. 480), H4497 [10JY]

Dept. of Veterans Affairs: improve accountability of research corporations established at medical centers (see H.R. 5084), H4497 [10JY]

Federal Accounting Standards Advisory Board: restructure (see H.R. 5094), H4552 [11JY]

Federal aid programs: review, reform, and terminate unnecessary and inequitable Federal subsidies (see S. 2181), S2828 [17AP] (see H.R. 4630), H2018 [1MY]

Federal Bureau of Audits: establish (see H.R. 3795), H561 [26FE]

Government regulations: prohibit from making loans to their officers, directors, and principal shareholders (see H.R. 5048), H4325 [27JN]

Market Integrity Commission: establish to study issues relating to the governance of corporations in interstate and foreign commerce (see H.R. 5050), H4325 [27JN]

Pensions: improve pension plan security (see H.R. 5110), H4574 [12JY]

———prohibit knowing misrepresentations by fiduciaries of 401(k) plans which may induce participants to act contrary to their best interests and protect claims based on such misrepresentations (see H.R. 3623), H78 [24JA]

———provide additional protection to participants in individual account plans, promote investment advice, and prohibit certain insider trades of securities (see S. 1969), S1208 [26FE] (see H.R. 3762), H523 [14FE]

———provide additional protection to participants in individual account plans, promote investment advice, and prohibit certain insider trades of securities (H.R. 3762), complete congressional action (see H. Res. 540), H6419 [19SE]

———provide additional protection to participants in individual account plans, promote investment advice, and prohibit certain insider trades of securities (H.R. 3762), complete congressional action (H. Res. 540)—consideration (see H. Res. 547), H6558 [24SE]

———provide greater protection of workers' retirement plans and prohibit certain activities by persons providing auditing services to issuers of public securities (see S. 1921), S488 [7FE]

———provide individual investment account participants with improved information on asset investments, new diversification rights, and new limitations on pension plan blackouts (see S. 2190), S2829 [17AP]

———provide new protections under applicable fiduciary rules for participants and beneficiaries under 401(k) plans and provide for vesting of elective deferrals under such plans (see H.R. 3677), H140 [5FE]

———provide workers in individual account plans with information on how their assets are invested and the need to diversify assets (see S. 2185), S2829 [17AP]

Responsibility: promote (see H.R. 5160), H4930 [18JY]

SEC: establish the Office of Audit Review (see H.R. 5184), H5194 [23JY]

———increase shareholder influence over stock option plans, provide incentives for managers to act in the long-term interests of corporations, and increase transparency of stock option grants (see S. 2822), S7579 [30JY]

Taxation: allow corporate tax benefits from stock option compensation expenses only to the extent that such expenses are included in a corporation's financial statements (see S. 1940), S732 [13FE] (see H.R. 4075), H1089 [20MR]

———allow corporations a charitable deduction for donation of services relative to contributions of computer technology or equipment (see H.R. 5551), H7018 [3OC]

———allow deduction to corporations for dividends paid (see H.R. 5463), H6692 [25SE]

———allow deduction to corporations for dividends paid and exclusion of dividends for indivduals (see H.R. 5413), H6417 [19SE]

———apply look-thru rules for purposes of the foreign tax credit limitation to dividends from foreign corporations not controlled by a domestic corporation (see H.R. 4810), H2943 [22MY]

———curb tax abuses by disallowing tax benefits claimed to arise from transactions without substantial economic substance and limiting credits involving uncooperative tax havens (see S. 2339), S3466 [26AP]

———encourage more responsible corporate governance (see H.R. 5088), H4497 [10JY]

———ensure proper treatment of executives compensation (see S. 2722), S6649 [11JY]

———extend foreign tax credit carryforward (see H.R. 4958), H3668 [18JN]

———extend foreign tax credit carryforward and apply look-thru rules relative to foreign tax credit limitation to dividends from foreign corporations not controlled by domestic corporations (see S. 2676), S6013 [25JN]

———impose excise tax on sales of stock by corporate insiders occurring when the company prevents employees from selling stock in pension plans and ensure more accurate reporting of corporate liabilities (see H.R. 3622), H78 [24JA]

———prevent corporations from avoiding the U.S. income tax by reincorporating in a foreign country (see H.R. 3884), H737 [6MR] (see H.R. 3922), H785 [11MR] (see H.R. 4756), H2607 [16MY]

———prevent corporations from avoiding the U.S. income tax by reincorporating in a foreign country (H.R. 3884), consideration (see H. Res. 456), H3859 [24JN]

———prevent corporations from exploiting tax treaties to evade U.S. income tax (see H.R. 4993), H3824 [21JN]

———provide for employee benefits for work site employees of certain corporations operating on a cooperative basis (see S. 2852), S7899 [1AU]

———reduce capital gains rates and allow exclusion of dividends for individuals (see H.R. 5466), H6692 [25SE]

———require adequate disclosure of transactions which have a potential for tax avoidance or evasion (see S. 2498), S4145 [9MY]

———revise treatment of derivative transactions entered into by a corporation relative to its stock (see H.R. 5626), H7893 [10OC]

———simplify certain rules governing the taxation of U.S. businesses operating abroad (see H.R. 4047), H1088 [20MR] (see H.R. 4151), H1200 [10AP] (see H.R. 5103), H4552 [11JY]

———treat nominally foreign corporations created through inversion transactions as domestic corporations (see S. 2050), S2260 [21MR] (see H.R. 3857), H736 [6MR]

———treatment of certain reinvested gains by S corporations (see H.R. 4675), H2164 [7MY]

———treatment of executive perks and retirement benefits relative to stock options, undisclosed benefits, and deferred compensation (see H.R. 5432), H6558 [24SE]

———treatment of inverted corporate entities and of transactions with such entities (see S. 2119), S2578 [11AP]

———treatment of unrelated business taxable income (see H.R. 4488), H1482 [18AP]

Tobacco products: replace existing tobacco program with a federally chartered corporation, compensate quota holders, provide transition assistance for producers and increase competitiveness of domestically produced tobacco (see H.R. 4753), H2607 [16MY]

———replace existing tobacco program with programs designed to assist producers, compensate quota holders for the loss of quota asset value, and assist producers who forgo obtaining a production license (see H.R. 5035), H4324 [27JN]

WorldCom, Inc.: economic collapse (see H. Con. Res. 434), H4325 [27JN]

Cloture motions

Conference reports

Sarbanes-Oxley Act (H.R. 3763), H5393-H5411 [24JY]

Cost Estimates

Corporate and Auditing Accountability, Responsibility, and Transparency Act (H.R. 3763): CBO, E657 [29AP]

Tax Shelter Transparency Act (S. 2498): CBO, S7425 [26JY]

Descriptions

Impose Excise Tax on Sales of Stock by Corporate Insiders Occurring When the Company Prevents Employees From Selling Stock in Pension Plans and Ensure More Accurate Reporting of Corporate Liabilities (H.R. 3622), E17 [24JA]

Documents

Corporate Officers Verification Under Oath of Financial Reports: SEC, S6757 [15JY]

Explanations

Reversing the Expatriation of Profits Offshore Act (S. 2119), S2593 [11AP]

Hearings

Corporate accountability, E1470-E1478 [29JY]

Letters

Corporate and Criminal Fraud Accountability Act: Elizabeth Costle, Vermont Dept. of Banking, Insurance, Securities and Health Care Administration, S1791 [12MR]

———Jim Moorman, Taxpayers Against Fraud, The False Claims Act Legal Center (organization) and Tom Devine, Government Accountability Project (organization), S1791 [12MR]

———Joseph P. Borg, North American Securities Administrators Association, Inc., S1791 [12MR]

———Stephen M. Kohn and Kris Kolesnik, National Whistleblower Center, S1791 [12MR]

Pension Security Act: Representative Boehner, Committee on Education and the Workforce (House), E558 [17AP]

———Representative Gutknecht, H1270 [11AP]

———Representative Oxley, Committee on Financial Services (House), E558 [17AP]

Prosecute securities fraud and evidence tampering, prohibit discharge of certain debts in bankruptcy, and protect corporate whistleblowers: Edmund Mierzwinski, U.S. Public Interest Research Group, S6441 [9JY]

———Jim Moorman, Taxpayers Against Fraud, and Tom Devine, Government Accountability Project, S6440 [9JY]

———Joseph P. Borg and Christine A. Bruenn, North American Securities Administrators Associations, Inc., S6440 [9JY]

———Kris J. Kolesnik, National Whistleblower Center, S6441 [9JY]

———National Association of Attorneys General, S6442 [9JY]

———Sally Greenberg, Consumers Union, and Travis Plunkett, Consumer Federation of America, S6441 [9JY]

———William Samuel, AFL-CIO, S6441 [9JY]

Public Company Accounting Reform and Investor Protection Act: Dean Heller, Nevada Sec. of State, S6340 [8JY]

SEC review of corporate financial statements: Harvey L. Pitt, SEC, H3908 [25JN]

Stock Option Fairness and Accountability Act: several Senators, S7104 [19JY]

Treatment of stock options as expenses in income statements: Steven Barr, S6628 [11JY]

Lists

Corporate runaways and fiscal year 2001 Federal contracts, S7692 [31JY]

Memorandums

Enron Corp., Contributions to the Financial Accounting Standards Board Trust Fund: David B. Duncan, Anderson (accounting and consulting company), S737 [13FE]

Enron Corp. Legal Issues Relative to Whistleblowing: Carl Jordan, S1791 [12MR]

Motions

———protect investors by improving the accuracy and reliability of corporate disclosures pursuant to securities laws (H.R. 3763), H1589 [24AP], H4838 [17JY]

Pensions: provide additional protection to participants in individual account plans, promote investment advice, and prohibit certain insider trades of securities (H.R. 3762), H1264 [11AP]

Poems

``Message to the Republican Mob'', E1337 [24JY]

Press releases

Dept. of Defense Settlement With Brown and Root Services Corp.: Defense Criminal Investigative Service, H5339 [24JY]

Remarks in House

Bankruptcy: prevent corporate abuse and provide greater protection for employees (H.R. 5525), H7010 [3OC]

Bush, President: evaluation of administration officials, E1298 [18JY]

Business and industry: corporate ethics, H4030 [26JN]

———enhance penalties for accounting and auditing improprieties at publicly traded companies (H.R. 5118), H4682, H4683-H4694 [16JY], H4771 [17JY], E1279, E1285 [17JY]

———enhance regulation of public auditors, improve corporate governance and overhaul corporate disclosure made pursuant to the securities laws (H.R. 3818), H4478-H4485 [10JY], E238 [28FE]

———enhance regulation of public auditors, improve corporate governance and overhaul corporate disclosures made pursuant to the securities laws, H3934 [26JN]

———ethics, H2938, H2939 [22MY]

———protect corporate whistleblowers, enhance criminal penalties, extend statute of limitations, and require retention of audit review documents, H4838-H4847 [17JY]

———protect investors by improving the accuracy and reliability of corporate disclosures pursuant to securities laws (H.R. 3763), H1453 [18AP], H1495 [23AP], H1544-H1592 [24AP], H4433, H4434, H4472 [10JY], H4499, H4500, H4503 [11JY], H4566 [12JY], H4692 [16JY], H4770, H4771, H4772, H4827, H4838 [17JY], H4876, H4877 [18JY], H4988, H5074-H5084 [22JY], E637, E643 [26AP], E657 [29AP], E670 [30AP]

———protect investors by improving the accuracy and reliability of corporate disclosures pursuant to securities laws (H.R. 3763), conference report, H5319, H5321, H5441 [24JY], H5459-H5480 [25JY], E1412, E1451, E1452, E1462, E1463, E1466 [29JY]

———protect investors by improving the accuracy and reliability of corporate disclosures pursuant to securities laws (H.R. 3763), consideration (H. Res. 395), H1540-H1544 [24AP]

———protect investors by improving the accuracy and reliability of corporate disclosures pursuant to securities laws (H.R. 3763), corrections in engrossment, H1592 [24AP]

———protect investors by improving the accuracy and reliability of corporate disclosures pursuant to securities laws (H.R. 3763), motion to instruct conferees, H4838-H4847 [17JY]

———protect investors by improving the accuracy and reliability of corporate disclosures pursuant to securities laws (H.R. 3763), motion to recommit, H1590, H1591 [24AP]

———protect investors through enhanced corporate responsibility, H3701 [19JN]

———provide for enhanced corporate responsibility under securities laws, H1590, H1591 [24AP]

———provide for enhanced corporate responsibility under securities laws (H.R. 4083), H4474 [10JY], E460 [9AP]

———require publicly traded companies to record and treat stock options as expenses in income statements, H4566 [12JY], H4680 [16JY]

Committee on Taxation (Joint): funding relative to release of report on corporations avoiding U.S. income tax by reincorporating in foreign countries, H4878-H4884, H4895, H4897, H4905-H4908 [18JY]

Congress: accomplishments of the 107th Congress, H9116 [22NO]

Contracts: prohibit certain expatriated corporations from being eligible for the award of Federal contracts, H4910-H4915 [18JY], H5320 [24JY]

Corporate and Auditing Accountability, Responsibility, and Transparency Act: ensure that one member of the public regulatory agency be a person who has never been licensed to practice public accounting, H1564, H1565 [24AP]

Courts: treatment of foreign corporations that acquire domestic corporations in corporate repatriation transactions relative to State jurisdiction in class action lawsuits, H869-H871 [13MR]

Dept. of Homeland Security: prohibit certain expatriated corporations from being eligible for the award of Federal contracts, H5657 [25JY], H5874, H5885, H5886 [26JY]

Dept. of Veterans Affairs: improve accountability of research corporations established at medical centers, E1322 [24JY]

———improve accountability of research corporations established at medical centers (H.R. 5084), E1230 [10JY]

Economy: impact of mismanagement, deception, and violations of public trust, H3449 [11JN], H3507-H3510 [12JN], H4056, H4060-H4062 [26JN], H4343-H4348 [8JY], H4354, H4355, H4357, H4359, H4360, H4361, H4398, H4400-H4402, H4404-H4407 [9JY], H4431, H4432, H4433 [10JY], H4500, H4501, H4502, H4503, H4534-H4540 [11JY], H4568, H4569 [12JY], H4578, H4580, H4670-H4673 [15JY], H4678, H4680, H4682 [16JY], H4864-H4870 [17JY], H4988, H5074-H5084 [22JY], H5096 [23JY], H5459 [25JY], E1317 [22JY], E1337 [24JY], E1498 [5SE]

Eximbank: abolish, H3180 [5JN]

———assess potential human rights impact of certain projects, H1982, H1983 [1MY]

———prohibit assistance to companies who lay off a greater percentage of U.S. workers than those in foreign countries, H1785, H1795, H1979-H1982 [1MY], H3168, H3180 [5JN]

———prohibit assistance to U.S. companies that relocate manufacturing facilities to foreign countries, H3178, H3182 [5JN]

Federal Accounting Standards Advisory Board: restructure (H.R. 5094), E1244 [11JY]

Federal Bureau of Audits: establish to conduct audits of financial statements submitted by reporting issuers, H1571-H1574 [24AP], E637 [26AP]

Government regulations: prohibit from making loans to their officers, directors, and principal shareholders (H.R. 5048), E1484 [4SE]

IRS: enforce pension age discrimination laws relative to conversion of defined benefit plans to cash balance plans, H5333-H5336 [24JY]

Monroe County, NY: unemployment rates, E514 [12AP]

News media: corporate ownership of media outlets, E653 [29AP]

Office of National Drug Control Policy: prohibit use of national media campaign funding for payments to Ogilvy and Mather Corp., H5337-H5341 [24JY], E1490 [4SE]

Pensions: conduct a feasibility study on insurance programs relative to defined contribution plans, H1244 [11AP]

———ensure pension parity for employers and employees, H1260 [11AP]

———improve pension plan security, H4477 [10JY]

———improve pension plan security (H.R. 5110), H4566, H4570 [12JY], H4688 [16JY], H5472, H5478 [25JY]

———prevent corporations from avoiding qualified plan rules by reincorporating in a foreign country, H3809-H3811 [21JN]

———provide additional protection to participants in individual account plans, promote investment advice, and prohibit certain insider trades of securities (H.R. 3762), H1095 [9AP], H1217-H1267, H1270, H1271 [11AP], H4472 [10JY], H4692 [16JY], E174 [15FE], E533, E534, E542 [16AP], E554, E557, E559 [17AP], E587 [18AP]

———provide additional protection to participants in individual account plans, promote investment advice, and prohibit certain insider trades of securities (H.R. 3762), complete congressional action (H. Res. 540), H6563, H6669-H6677 [25SE], E1619 [19SE], E1693 [30SE]

———provide additional protection to participants in individual account plans, promote investment advice, and prohibit certain insider trades of securities (H.R. 3762), motion to recommit, H1265 [11AP]

———provide additional protection to participants in individual account plans, promote investment advice, and prohibit certain insider trades of securities (H.R. 3762), permission to file report, H1072 [20MR]

———provide vested employees control over retirement investment assets, H19 [23JA]

Pitt, Harvey L.: status as chairman of the SEC, H4523 [11JY], H4657 [15JY], H4677 [16JY], H4918 [18JY], H5459 [25JY], E1249 [12JY]

Political campaigns: require disclosure of funding sources for certain candidate advocacy advertising, H426 [13FE]

SBC Communications Inc.: Dept. of Commerce Ron Brown Award for Corporate Leadership recipient, E778 [10MY], E861 [20MY]

SEC: establish the Office of Audit Review (H.R. 5184), E1337 [24JY]

———require the net capital of an accountant be equal to one-half of the annual audit revenue received from registered issuers, H1565-H1567 [24AP]

Taxation: allow corporate tax benefits from stock option compensation expenses only to the extent that such expenses are included in a corporation's financial statements (H.R. 4075), E402 [21MR]

———allow corporations a charitable deduction for donation of services relative to contributions of computer technology or equipment (H.R. 5551), E1758 [4OC]

———allow deduction to corporations for dividends paid (H.R. 5463), H6563 [25SE], E1658 [26SE]

———capital gains rates, E1754 [4OC]

———disallow benefits claimed to arise from corporate transactions without substantial economic substance (H.R. 2520), H20 [23JA]

———prevent corporations from avoiding the U.S. income tax by reincorporating in a foreign country, H2640, H2641 [20MY], H2663, H2686-H2691 [21MY], H3725, H3726, H3728 [20JN], H7800, H7801 [10OC], H8716 [13NO], E1021 [12JN]

———prevent corporations from avoiding the U.S. income tax by reincorporating in a foreign country (H.R. 3884), H691 [6MR], H2477 [15MY], H2516 [16MY], H4479 [10JY], E865 [20MY]

———prevent corporations from exploiting tax treaties to evade U.S. income tax (H.R. 4993), H3606 [18JN]

———provide corporate income tax rate reductions (H.R. 872), H690 [6MR]

———repeal alternative minimum tax, H204 [7FE]

———revise treatment of derivative transactions entered into by a corporation relative to its stock (H.R. 5626), E1829 [11OC]

———simplify certain rules governing the taxation of U.S. businesses operating abroad (H.R. 4047), E439 [21MR]

———simplify certain rules governing the taxation of U.S. businesses operating abroad (H.R. 4151), E485 [10AP]

———simplify certain rules governing the taxation of U.S. businesses operating abroad (H.R. 5103), E1242 [11JY]

———treat nominally foreign corporations created through inversion transactions as domestic corporations (H.R. 3857), H2641 [20MY]

———treatment of executive perks and retirement benefits relative to stock options, undisclosed benefits, and deferred compensation (H.R. 5432), H6666 [25SE]

Remarks in Senate

Bankruptcy: include bonuses and other extraordinary or excessive compensation of corporate officers and violators of securities and accounting laws in bankruptcy estates (S. 2901), S8099 [3SE]

———increase priority claim amount for employee wages and recover certain excessive employee compensation paid just prior to bankruptcy (S. 2820), S7581 [30JY]

———provide a right to be heard for participants and beneficiaries of an employee pension benefit plan of a debtor in order to protect pensions of those employees and retirees (S. 3139), S10708 [17OC]

———provide for a creditors' committee of employee and retiree representatives of a debtor in order to protect pensions of those employees and retirees (S. 3028), S9847 [2OC]

Bush, President: evaluation of administration officials, S7134 [22JY]

Business and industry: clarify that the requirement that certain corporate officers certify financial reports applies to domestic and foreign issuers, S6688, S6693, S6698 [12JY]

———deter fraud and abuse by corporate executives, S6545, S6549 [10JY]

———hold corporate executives, who mislead workers about company stock in their pension plans, financially responsible for any losses, S6755, S6756 [15JY]

———improve financial reporting and independent audits and accounting services, create a Public Company Accounting Oversight Board, and improve SEC resources and oversight (S. 2673), S6121 [26JN], S6297, S6300-S6302 [28JN], S6327-S6347 [8JY], S6436-S6444, S6491-S6496 [9JY], S6523-S6560, S6561 [10JY], S6598, S6603-S6633, S6636-S6643, S6681 [11JY], S6683-S6685, S6687-S6700 [12JY], S6734-S6770, S6772-S6779, S6797, S6801, S6811 [15JY], S6829, S6861 [16JY], S6883, S6888, S6889 [17JY], S7248 [24JY]

———prohibit personal loans to directors or chief officers, S6689, S6690 [12JY], S6760 [15JY]

———protect investors by improving the accuracy and reliability of corporate disclosures pursuant to securities laws (H.R. 3763), conference report, S7340, S7350-S7365 [25JY], S7414, S7418 [26JY], S10612, S10613 [17OC]

———protect investors by improving the accuracy and reliability of corporate disclosures pursuant to securities laws (H.R. 3763), insert S. 2673 language in lieu, S6779 [15JY]

———reform corporate auditing process, S8-S12 [23JA]

———require certain officers of companies in bankruptcy to return bonuses, incentive- or equity-based compensation, and stock sale profits received prior to a required restatement of earnings, S6689 [12JY], S6741-S6743 [15JY], S8148 [4SE]

———require certain officers of companies to return bonuses, incentive- or equity-based compensation, and stock sale profits received prior to a required restatement of earnings, S6754 [15JY]

———require publicly traded companies to record and treat stock options as expenses in income statements, S6626-S6633, S6636-S6640 [11JY], S6743-S6746 [15JY]

———review accounting treatment and adopt generally accepted accounting principles for the treatment of employee stock options, S6696-S6698 [12JY], S6735-S6741, S6747, S6750-S6753, S6763 [15JY]

———review accounting treatment and adopt generally accepted accounting principles for the treatment of employee stock options (S. 2760), S7104-S7106 [19JY]

Crime: prosecute persons who alter or destroy evidence in certain investigations or who defraud investors, prohibit certain debts from being discharged in bankruptcy, and protect whistleblowers from retaliation, S6437-S6442 [9JY], S6528-S6531, S6534-S6541 [10JY]

———prosecute persons who alter or destroy evidence in certain investigations or who defraud investors, prohibit certain debts from being discharged in bankruptcy, and protect whistleblowers from retaliation (S. 2010), S1785-S1788 [12MR]

Dept. of Defense: prohibit certain expatriated corporations from being eligible for the award of Federal contracts, S7686, S7687, S7689-S7700 [31JY], S7805 [1AU]

Dept. of Homeland Security: prohibit certain expatriated corporations from being eligible for the award of Federal contracts, S8154, S8155, S8183-S8187 [4SE], S8257-S8262 [5SE], S11361, S11363, S11365, S11366 [19NO]

Economy: impact of mismanagement, deception, and violations of public trust, S6598 [11JY], S7132-S7134 [22JY], S7304 [24JY], S7414, S7415 [26JY]

Federal aid programs: review, reform, and terminate unnecessary and inequitable Federal subsidies (S. 2181), S2832 [17AP]

Income: executive salaries and compensation, S5249-S5251 [7JN]

Labor unions: require submission of financial reports, S6442, S6443, S6491-S6496 [9JY], S6526-S6528, S6531-S6534 [10JY]

Pensions: provide additional protection to participants in individual account plans, promote investment advice, and prohibit certain insider trades of securities, S4246, S4247 [13MY], S4788 [23MY]

———provide additional protection to participants in individual account plans, promote investment advice, and prohibit certain insider trades of securities (S. 1969), S1212 [26FE], S1248 [27FE]

———provide greater protection of workers' retirement plans and prohibit certain activities by persons providing auditing services to issuers of public securities (S. 1921), S492 [7FE]

———provide workers in individual account plans with information on how their assets are invested and the need to diversify assets (S. 2185), S2838 [17AP]

———reform, S5263 [10JN], S5970, S5971 [25JN]

Pitt, Harvey L.: status as chairman of the SEC, S7132 [22JY], S10612 [17OC]

Public Company Accounting Oversight Board: conduct oversight spot audits of public companies, S6748, S6749 [15JY]

Public Company Accounting Reform and Investor Protection Act: impact on small business, S6692 [12JY]

SEC: administrative enforcement of regulations relative to corporate executives and auditors, S10994-S10996 [14NO]

———enhance ability to impose civil fines, conduct investigations, and remove certain officers and directors of publicly traded companies, S6620-S6625 [11JY]

———require study of accounting treatment of special purpose entities, S6690 [12JY]

Taxation: allow corporate tax benefits from stock option compensation expenses only to the extent that such expenses are included in a corporation's financial statements (S. 1940), S735-S741 [13FE]

———ensure proper treatment of executives compensation (S. 2722), S6655 [11JY]

———expatriation of individuals or businesses to avoid income taxes, S8293 [5SE]

———prevent companies from reinsuring income in Bermuda or other tax havens to avoid paying U.S. income tax, S1150 [26FE]

———require adequate disclosure of transactions which have a potential for tax avoidance or evasion (S. 2498), S4158-S4163 [9MY], S7425 [26JY]

———require chief executive officers of corporations to sign tax returns, S6443 [9JY], S6557 [10JY]

———treat nominally foreign corporations created through inversion transactions as domestic corporations (S. 2050), S2272 [21MR]

———treatment of inverted corporate entities and of transactions with such entities (S. 2119), S2592-S2594 [11AP]

———treatment of inverted corporate entities and transactions with such entities, S11451 [19NO]

Treaties and agreements: ensure equitable treatment of foreign and domestic investors under investor-State dispute settlement processes relative to compliance with local, State, and Federal regulations, S4267, S4268 [13MY], S4297, S4298 [14MY], S4593-S4605 [21MY]

Reports filed

Consideration of H. Res. 540, Complete Congressional Action on H.R. 3762, Pension Security Act: Committee on Rules (House) (H. Res. 547) (H. Rept. 107-684), H6558 [24SE]

Consideration of H.R. 3762, Pension Security Act: Committee on Rules (House) (H. Res. 386) (H. Rept. 107-396), H1199 [10AP]

Consideration of H.R. 3763, Corporate and Auditing Accountability, Responsibility, and Transparency Act: Committee on Rules (House) (H. Res. 395) (H. Rept. 107-418), H1532 [23AP]

Corporate and Auditing Accountability, Responsibility, and Transparency Act: Committee on Financial Services (House) (H.R. 3763) (H. Rept. 107-414), H1489 [22AP]

Corporate and Criminal Fraud Accountability Act: Committee on the Judiciary (Senate) (S. 2010) (S. Rept. 107-146), S3900 [6MY]

Pension Security Act: Committee on Education and the Workforce (House) (H.R. 3762) (H. Rept. 107-383), H1151 [9AP]

Public Company Accounting Reform and Investor Protection Act: Committee on Banking, Housing, and Urban Affairs (Senate) (S. 2673), S6013 [25JN]

———Committee on Banking, Housing, and Urban Affairs (Senate) (S. 2673) (S. Rept. 107-205), S6361 [8JY]

Reversing the Expatriation of Profits Offshore Act: Committee on Finance (Senate) (S. 2119) (S. Rept. 107-188), S6318 [28JN]

Sarbanes-Oxley Act: Committee of Conference (H.R. 3763) (H. Rept. 107-610), H5452 [24JY]

Tax Shelter Transparency Act: Committee on Finance (Senate) (S. 2498) (S. Rept. 107-189), S6318 [28JN]

Rulings of the Chair

Statements

Treatment of Stock Options in Income Statements: Alan Greenspan, FRS, S6626 [11JY]

———Financial Accounting Standards Board, S6631 [11JY]

———Joseph E. Stiglitz, S6627 [11JY]

Studies

Less Than Zero—Enron's Corporate Income Tax Payments: Citizens for Tax Justice (organization), S736 [13FE]

Summaries

Comprehensive Investor Protection Act (H.R. 3818), E238 [28FE]

Ending the Double Standard for Stock Options Act (S. 1940), S737 [13FE]

Tax Haven and Abusive Tax Shelter Reform Act (S. 2339), S3471 [26AP]

Surveys

Employee Stock Options Should Be Expensed on Income Statements: Association for Investment Management Research, S740 [13FE]

Texts of

H. Res. 386, consideration of H.R. 3762, Pension Security Act, H1205 [11AP]

H. Res. 395, consideration of H.R. 3763, Corporate and Auditing Accountability, Responsibility, and Transparency Act, H1540 [24AP]

H. Res. 540, complete congressional action on H.R. 3762, Pension Security Act, H6669 [25SE]

H. Res. 547, consideration of H. Res. 540, H. Res. 543, and H. Res. 544, complete congressional action on H.R. 3762, Pension Security Act, H.R. 4931, Retirement Savings Security Act, and H.R. 4019, make marriage penalty relief permanent, H6660 [25SE]

H.R. 3762, Pension Security Act, H1217-H1233 [11AP]

H.R. 3763, Corporate and Auditing Accountability, Responsibility, and Transparency Act, S6779-S6793 [15JY]

H.R. 5118, Corporate Fraud Accountability Act, H4683 [16JY]

S. 1969, Pension Security Act, S1213-S1216 [26FE]

S. 2010, Corporate and Criminal Fraud Accountability Act, S1789 [12MR]

S. 2119, Reversing the Expatriation of Profits Offshore Act, S2592 [11AP]

S. 2185, provide workers in pension individual account plans with information on how their assets are invested and the need to diversify assets, S2839 [17AP]

S. 2339, Tax Haven and Abusive Tax Shelter Reform Act, S3468-S3471 [26AP]

S. 2498, Tax Shelter Transparency Act, S4159-S4163 [9MY]

S. 2820, increase priority claim amount for employee wages and recover certain excessive employee compensation paid just prior to bankruptcy, S7581 [30JY]

S. 2901, Corporate Accountability in Bankruptcy Act, S8100 [3SE]

S. 3120, Reclaiming Expatriated Contracts and Profits Act, S10577 [16OC]

S. 3139, Employee Pension Bankruptcy Protection Act, S10708 [17OC]