President Signs Into Law Sweeping Accounting Reform and Corporate Governance Legislation

On 7/30/02 President Bush signed into law the Sarbanes-Oxley Act of 2002, passed by both houses of Congress on 7/25/02 (by a House vote of 423 to 3 and Senate vote of 99 to 0), reflecting the intense political pressure to respond in a meaningful fashion to the many corporate and accounting scandals roiling public markets.