The White House
President George W. Bush
Print this document

For Immediate Release
Office of the Press Secretary
July 15, 2002

Statement by the President

In February, I outlined measures to protect the pensions of America's workers from corporate wrongdoing. In March, I proposed a series of initiatives to improve shareholder information, strengthen corporate governance and create a stronger, more independent accounting system. Last week, I called for additional far-reaching reforms. I am pleased the Senate has now acted on a tough bill that shares my goals and includes all of the accounting and criminal reforms I proposed. The House previously passed strong reform legislation to get tough on corporate malfeasance and significantly improve oversight of the accounting profession. I urge the House and Senate leaders to get a bill to my desk before the August recess. We owe it to Americas workers and shareholders to crack down on wrongdoing and fix the system to prevent future abuses.


Return to this article at:

Print this document