SECURITIES AND EXCHANGE COMMISSION
Addresses
Fallout From Enron—Lessons and Consequences: Henry Kaufman, Henry Kaufman & Co., Inc., S4619-S4621 [21MY]
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]
Analyses
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
Accountant's War, H1568-H1571 [24AP]
Accounting for Options, S6739 [15JY]
Accounting—Stronger Reforms, Please, S5265 [10JN]
America's Poor Standards, S6629 [11JY]
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]
Companies Line Up To Hire Arthur Andersen, E89 [5FE]
Corporate Cake, S6628 [11JY]
Leading the News—Coke To Expense Employee Options, S6765 [15JY]
Money Talks, S6628 [11JY], S6738 [15JY]
Mr. Oxley Punts, H1548 [24AP], H4843 [17JY]
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]
Stock Option Excesses, S6739 [15JY]
Stock Option Madness, S6738 [15JY]
Stock Options and Common Sense, S6627 [11JY]
Succeeding in Business, H4404 [9JY]
Three Point Plan for SEC Reform, S5266 [10JN]
Bills and resolutions
Appropriations: authorizing (see H.R. 3764), H523 [14FE]
Auditors: strengthen independence standards (see H.R. 3736), H365 [13FE]
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, create a Public Company Accounting Oversight Board, and improve SEC resources and oversight (see S. 2673), S6013 [25JN] (see H.R. 5070), H4424 [9JY]
———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]
———prohibit accounting firms from providing management consulting services, or any non-audit related services, for the companies they audit (see S. 1896), S100 [24JA]
———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 disclosure of insider sales of stock of publicly held companies be filed electronically (see S. 1897), S100 [24JA] (see H.R. 3725), H284 [12FE] (see H.R. 3769), H523 [14FE]
———require improved disclosure of corporate charitable contributions (see H.R. 3745), H366 [13FE]
———require investment advisers to make prominent public disclosures of ties with companies being analyzed by them (see S. 1895), S100 [24JA] (see H.R. 3671), H110 [4FE]
———require report on accounting for intangible assets (see H.R. 5438), H6558 [24SE]
———review accounting treatment and adopt generally accepted accounting principles for the treatment of employee stock options (see S. 2760), S7103 [19JY]
Corporations: 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]
Crime: restore aiding and abetting liability under Federal securities laws (see H.R. 5625), H7893 [10OC]
Enron Corp.: economic collapse (see H. Con. Res. 300), H36 [23JA]
Federal Bureau of Audits: establish (see H.R. 3795), H561 [26FE]
Office of Audit Review: establish (see H.R. 5184), H5194 [23JY]
Pensions: permit certain funds assessed for securities laws violations to be used to compensate employees who are victims of excessive pension fund investments in employers stock (see H.R. 3634), H78 [24JA] (see H.R. 5496), H6776 [26SE]
Securities: allow Federal enforcement actions based on State enforcement actions against microcap securities fraud and broaden SEC regulation of rogue brokers (see S. 1985), S1536 [5MR]
———repeal certain laws that limit private securities actions (see H.R. 3829), H651 [28FE]
Securities and Commodities Exchange Commission: establish to combine the functions of the CFTC and SEC (see H.R. 5149), H4872 [17JY]
Securities and Derivatives Oversight Commission: establish (see H.R. 4038), H1088 [20MR]
Securities Exchange Act: prohibit the fraudulent recording of revenue from round trip sales of electric power (see H.R. 4827), H2944 [22MY]
Taxation: require adequate disclosure of transactions which have a potential for tax avoidance or evasion (see S. 2498), S4145 [9MY]
WorldCom, Inc.: economic collapse (see H. Con. Res. 434), H4325 [27JN]
Cloture motions
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), S6559 [10JY], S6685 [12JY]
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]
Documents
Corporate Officers Verification Under Oath of Financial Reports, S6757 [15JY]
Essays
Core Values Start at the Top: Sanford Weill, S6944 [17JY]
``Enronics''—(Lack of Patriotism): Bernard Rapoport, S2941 [18AP]
Hearings
Corporate accountability, E1470-E1478 [29JY]
Letters
Effect of economic collapse of Enron Corp., on Andersen (accounting and consulting company): Michael L. Hayhurst, Andersen (accounting and consulting company), E591 [18AP]
Lawyers' professional conduct and ethical responsibilities under Federal securities laws: Senator Edwards, S5652 [18JN]
Microcap Fraud Prevention Act: Joseph P. Borg, North American Securities Administrators Association, Inc., S1538 [5MR]
Public Company Accounting Reform and Investor Protection Act: Dean Heller, Nevada Sec. of State, S6340 [8JY]
Regulatory oversight over energy trading markets, S1776 [12MR]
Require that the disclosure of any insider selling of stock, of publicly held companies, be filed electronically: Harvey L. Pitt, SEC, S6687 [12JY]
SEC review of corporate financial statements, 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]
WorldCom, Inc., accounting practices: Senators Gordon Smith and Breaux, S6316 [28JN]
Motions
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), S6533 [10JY], S6619, S6625 [11JY]
———protect investors by improving the accuracy and reliability of corporate disclosures pursuant to securities laws (H.R. 3763), H1589 [24AP], H4838 [17JY]
Poems
``Message to the Republican Mob'', E1337 [24JY]
Remarks in House
Andersen (accounting and consulting company): status of contracts with Federal agencies, H676 [5MR]
Appropriations: authorizing (H.R. 3764), H3905-H3909 [25JN]
Audit firms: require the net capital of an accountant be equal to one-half of the annual audit revenue received from registered issuers, H1565-H1567 [24AP]
Bush, President: evaluation of administration officials, E1298 [18JY]
Business and industry: 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]
———improve financial reporting and independent audits and accounting services, create a Public Company Accounting Oversight Board, and improve SEC resources and oversight (S. 2673), H4337 [8JY], H4434, H4474 [10JY], E1317 [22JY]
———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 disclosure of insider sales of stock of publicly held companies be filed electronically (H.R. 3769), E177 [15FE]
———require investment advisers to make prominent public disclosures of ties with companies being analyzed by them (H.R. 3671), E65 [4FE]
———require publicly traded companies to record and treat stock options as expenses in income statements, H4566 [12JY], H4680 [16JY]
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]
Corporations: economic impact of mismanagement, deception, and violations of public trust, 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]
Crime: restore aiding and abetting liability under Federal securities laws (H.R. 5625), E1831 [11OC]
Enron Corp.: economic collapse, H19, H20 [23JA], H40, H62 [24JA], H510 [14FE], H538 [26FE], H1233-H1248, H1255, H1258, H1262, H1263, H1265 [11AP], H1544-H1557, H1568, H1572 [24AP], H3613 [18JN], E591 [18AP], E703 [3MY]
———economic collapse (H. Con. Res. 300), H5, H19 [23JA]
———relief of employees relative to economic collapse, H87 [29JA], H3421 [11JN]
Federal Bureau of Audits: establish to conduct audits of financial statements submitted by reporting issuers, H1571-H1574 [24AP], E637 [26AP]
Global Crossing Holdings, Ltd.: economic collapse, H1544-H1557 [24AP]
Office of Audit Review: establish (H.R. 5184), E1337 [24JY]
Pensions: permit certain funds assessed for securities laws violations to be used to compensate employees who are victims of excessive pension fund investments in employers stock (H.R. 3634), E18 [24JA]
Pitt, Harvey L.: status as chairman of the SEC, H4523 [11JY], H4657 [15JY], H4677 [16JY], H4918 [18JY], H5459 [25JY], E1249 [12JY]
Securities: repeal certain laws that limit private securities actions (H.R. 3829), H4433 [10JY]
Tribute, E2147 [16DE]
WorldCom, Inc.: economic collapse, H4025 [26JN]
Remarks in Senate
Appropriations: authorizing (H.R. 3764), S7426 [26JY]
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]
———enhance ability to impose civil fines, conduct investigations, and remove certain officers and directors of publicly traded companies, S6620-S6625 [11JY]
———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]
———improve financial reporting and independent audits and accounting services, create a Public Company Accounting Oversight Board, and improve SEC resources and oversight (S. 2673), unanimous-consent agreement, S6173 [26JN]
———improve financial reporting and independent audits and accounting services, create a Public Company Accounting Oversight Board, and improve SEC resources and oversight (S. 2673), unanimous-consent request, S6547 [10JY]
———prohibit accounting firms from providing management consulting services, or any non-audit related services, for the companies they audit (S. 1896), S101 [24JA]
———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 disclosure of insider sales of stock of publicly held companies be filed electronically (S. 1897), S102 [24JA]
———require publicly traded companies to record and treat stock options as expenses in income statements, S6626-S6633, S6636-S6640 [11JY], S6743-S6746 [15JY]
———require that the disclosure of any insider selling of stock, of publicly held companies, be filed electronically, S6687, S6688, S6693 [12JY]
———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]
Corporations: economic impact of mismanagement, deception, and violations of public trust, S6598 [11JY], S7132-S7134 [22JY], S7304 [24JY], S7414, S7415 [26JY]
———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 (S. 2822), S7581 [30JY]
———prohibit personal loans to directors or chief officers, S6689, S6690 [12JY], S6760 [15JY]
———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 study of accounting treatment of special purpose entities, S6690 [12JY]
Enron Corp.: economic collapse, S262, S263 [4FE], S320 [5FE], S525 [8FE], S1991 [18MR], S2941 [18AP], S4619-S4621 [21MY], S10563 [16OC]
Government regulations: issue report on financial accounting and reporting relative to the treatment of stock options-S10996 [14NO]
Investments: stock market volatility, S7414 [26JY]
Lawyers and attorneys: professional conduct and ethical responsibilities under Federal securities laws, S5652 [18JN], S6551, S6554, S6556, S6557 [10JY], S6613 [11JY]
Pitt, Harvey L.: status as chairman of the SEC, S7132 [22JY], S10612 [17OC]
Presidential appointments: nominations considered and confirmed en bloc, S7383, S7384 [25JY]
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]
Securities: administrative enforcement of regulations relative to corporate executives and auditors, S10994-S10996 [14NO]
———allow Federal enforcement actions based on State enforcement actions against microcap securities fraud and broaden SEC regulation of rogue brokers (S. 1985), S1537 [5MR]
Senate: accomplishments, S7440 [26JY]
Taxation: require adequate disclosure of transactions which have a potential for tax avoidance or evasion (S. 2498), S4158-S4163 [9MY], S7425 [26JY]
Reports
Accomplishments, E2147 [16DE]
Enron's Pawns—How Public Institutions Bankrolled Enron's Globalization Game: Institute for Policy Studies, E703-E705 [3MY]
Reports filed
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]
Nomination of Cynthia A. Glassman to the SEC: Committee on Banking, Housing, and Urban Affairs (Senate), S7371 [25JY]
Nomination of Harvey J. Goldschmid to the SEC: Committee on Banking, Housing, and Urban Affairs (Senate), S7371 [25JY]
Nomination of Paul S. Atkins to the SEC: Committee on Banking, Housing, and Urban Affairs (Senate), S7371 [25JY]
Nomination of Roel C. Campos to the SEC: Committee on Banking, Housing, and Urban Affairs (Senate), S7371 [25JY]
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]
Sarbanes-Oxley Act: Committee of Conference (H.R. 3763) (H. Rept. 107-610), H5452 [24JY]
SEC Appropriations: Committee on Financial Services (House) (H.R. 3764) (H. Rept. 107-415), H1489 [22AP], H1618 [24AP]
Tax Shelter Transparency Act: Committee on Finance (Senate) (S. 2498) (S. Rept. 107-189), S6318 [28JN]
Rulings of the Chair
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), S6687 [12JY]
Statements
Treatment of Stock Options in Income Statements: Alan Greenspan, FRS, S6626 [11JY]
———Financial Accounting Standards Board, S6631 [11JY]
———Joseph E. Stiglitz, S6627 [11JY]
Summaries
Comprehensive Investor Protection Act (H.R. 3818), E238 [28FE]
Tables
Net change in equity book value and in debt U.S. nonfarm nonfinancial corporate business, S4621 [21MY]
Texts of
H. Res. 395, consideration of H.R. 3763, Corporate and Auditing Accountability, Responsibility, and Transparency Act, H1540 [24AP]
H.R. 3763, Corporate and Auditing Accountability, Responsibility, and Transparency Act, S6779-S6793 [15JY]
H.R. 3764, SEC appropriations, H3905 [25JN]
H.R. 5118, Corporate Fraud Accountability Act, H4683 [16JY]