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Sponsor: Rep. Sarbanes, John P. [D-MD-3] (Introduced 01/04/2021) Committees: House - House Administration; Intelligence (Permanent Select); Judiciary; Oversight and Reform; Science, Space, and Technology; Education and Labor; Ways and Means; Financial Services; Ethics; Homeland Security; Armed Services Latest Action: House - 01/04/2021 Referred to the Committee on House Administration, and in addition to the Committees on Intelligence (Permanent Select), the Judiciary, Oversight and Reform, Science, Space, and Technology, Education and Labor, Ways and Means, Financial Services, Ethics, Homeland Security, and Armed Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions...

BALTIMORE — Former Maryland U.S. Sen. Paul Sarbanes has died. His son, U.S. Rep. John Sarbanes, released a statement late Sunday night, saying: "My father, Sen. Paul S. Sarbanes, passed away peacefully this evening in Baltimore. Following state, local and public health guidance amid the COVID-19 pandemic, our family will hold a private service in the coming days." Sen. Sarbanes served as a member of the U.S. House of Representatives from 1971 to 1977 before being elected to the Senate, where he served for 30 years. He announced his retirement in 2006.

WASHINGTON (AP) -- The lead regulator investigating the collapse of Jon Corzine's securities firm, MF Global, worked alongside him for 18 years at Goldman Sachs Group Inc. The two later collaborated to pass a law intended to prevent accounting scandals. Gary Gensler, chairman of the Commodity Futures Trading Commission, rose to become Goldman's co-head of finance before leaving in 1997. Corzine left Goldman in 1999, after serving as chairman and CEO. The two later collaborated when Corzine was a senator and Gensler worked on Capitol Hill. As a key staffer for Sen. Paul Sarbanes, D-Md., Gensler advised Sarbanes on the...

Rep. Henry Waxman, chairman of the House Committee on Energy and Commerce, has summoned some of the nation's top executives to Capitol Hill to defend their assessment that the new national health care reform law will cost their companies hundreds of millions of dollars in health insurance expenses. Waxman is also demanding that the executives give lawmakers internal company documents related to health care finances -- a move one committee Republicans describes as "an attempt to intimidate and silence opponents of the Democrats' flawed health care reform legislation." In filings with the Securities and Exchange Commission, the companies -- so...

Why are the Pharisees of Accounting in the U.S. trying so hard to destroy American business? Having crippled high tech entrepreneurship and made it nearly impossible for any U.S. company to ‘go public’, the people who set the rules of financial disclosure are now making corporate financials so obscure that investors literally have no way of knowing the financial condition of their companies.

When Congress comes back from its August recess in September, one of the quiet controversies lurking in the wings will move to center stage as Democrats resume their campaign to slash funding for the Office of Labor Management Standards in the Department of Labor. While this may sound like typical Washington insiders baseball, the function and operations of OLMS are anything but inconsequential — monitoring the financial disclosure compliance of labor unions. Because OLMS has been the Bush administration's chief tool for ramping up union financial accountability standards, it appeared in the Democrats' crosshairs even before their new majority in...

Audit Trail recently sat down with 2008 Presidential Candidate Ron Paul, R-TX, to get his views on Sarbanes-Oxley 5 Years Later, as one of only three members of congress at the time to vote against the bill. Audit Trail: It has been five years since the passage of Sarbanes-Oxley. Has your initial position on the legislation changed, or do you still believe it was an overreaction to a real problem? Ron Paul: The damage inflicted on American businesses and capitol markets by Sarbanes-Oxley has strengthened my conviction that this legislation should be repealed. In 2000, nine of every ten dollars...

New York Times Co. (NYT) Chairman Arthur Sulzberger Jr. and other members of the family that controls the newspaper publisher held talks with a trusted financial adviser about taking the company private, according to a report on the Web site of BusinessWeek magazine.

JOHN WHITE, REPUBLICAN CANDIDATE FOR CONGRESS IN THE THIRD CONGRESSIONAL DISTRICT OF MARYLAND RECEIVES LATE FINANCIAL SUPPORT FROM GOP Annapolis, MD, November 1, 2006 -- John White, Candidate for Congress in MD's Third Congressional District today announced his campaign has just received a significant cash infusion from the GOP. In thanking MD GOP Chairman John Kane, Governor Robert Ehrlich, and RNC Chairman Ken Mehlman, Mr. White stated, "Our campaign has gained significant momentum in the last few weeks. Wal-Mart's announcement for the new $4 prescription program in MD, and the Common Causes's CNN story on special interest money in our...

The Honorable Paul S. Sarbanes Senate Office Building 309 Hart, Washington DC, 20510 Dear Senator Sarbanes, As a native Marylander and excellent customer of the Internal Revenue Service, I am writing to ask for your assistance. I have contacted the Department of Homeland Security in an effort to determine the process for becoming an illegal alien and they referred me to you. My primary reason for wishing to change my status from U.S. Citizen To illegal alien stems from the bill which was recently passed by the Senate and for which you voted. If my understanding of this bill's provisions...

The Honorable Paul S. Sarbanes 309 Hart Senate Office Building Washington DC, 20510 Dear Senator Sarbanes, As a native Marylander and excellent customer of the Internal Revenue Service, I am writing to ask for your assistance. I have contacted the Immigration and Naturalization Service in an effort to determine the process for becoming an illegal alien and they referred me to you. My reasons for wishing to change my status from U.S. Citizen to illegal alien stem from the bill which was recently passed by the Senate and for which you voted. If my understanding of this bill's provisions is...

July 7,2006 The Honorable Paul S. Sarbanes 309 Hart Senate Office Building Washington DC, 20510 Dear Senator Sarbanes: As a native Californian and excellent customer of the Internal Revenue Service, I am writing to ask for your assistance. I have contacted the Department of Homeland Security in an effort to determine the process for becoming an illegal alien and they referred me to you. My primary reason for wishing to change my status from U.S.Citizen to illegal alien stem from the bill which was recently passed by the Senate and for which you voted.If my understanding of this bill's provisions...

Dear Senator Sarbanes, As a native Marylander and excellent customer of the Internal Revenue Service, I am writing to ask for your assistance. I have contacted the Immigration and Naturalization Service in an effort to determine the process for becoming an illegal alien, and they referred me to you. My reasons for wishing to change my status from U.S. Citizen to illegal alien stem from the bill which was recently passed by the Senate and for which you voted. If My understanding of the bill's provisions is accurate, as an illegal alien who has been in the United States for...

1) Should judicial candidates be potentially subject to a filibuster, or should that rule be changed? The bi-partisan “Gang of 14” should be applauded for coming together to find common-sense solutions when partisanship threatened to tear the Senate apart. Many state and federal districts have had judicial vacancies prolonged due to political posturing in Washington. This must end. If a nominee is clearly qualified to serve as a judge, the nominee deserves an up or down vote. Any nominee outside of the mainstream would not receive the votes necessary for confirmation, so the threat of a filibuster would not apply.2)...

It’s Location, Location, Location in the Sarbox Aftermath The clear winner here is not America. By Mallory Factor ------------------------------------------- America used to boast the most hospitable business climate in the world. Recently, though, U.S. businesses have lost their edge, giving a slight advantage to foreign financial hubs. On July 11, the London Stock Exchange (LSE) affirmed that it drew 50 international initial public offerings (IPOs) from 15 different countries in the first half of 2006. Compare that to the combined 15 international IPOs offered on the Nasdaq and New York Stock Exhange in the similar period. At the root of...

It was the volume of media attention that a candidate hovering at 1 percent in the polls would normally welcome. A stand of microphones and a row of television cameras and reporters awaited David B. Dickerson, a candidate for the Democratic nomination for the U.S. Senate in Maryland, at a news conference scheduled on his behalf yesterday afternoon in Towson.

Mfume Leads Cardin In Sharply Divided Primary, Poll Shows Former NAACP president Kweisi Mfume leads U.S. Rep. Benjamin L. Cardin in what is shaping up to be a racially polarized Democratic Senate primary in Maryland, even as roughly a third of the electorate has not settled on a candidate, according to a new Washington Post poll. For the first time in Maryland history, both major parties have the potential to nominate an African American, and the poll suggests that the hopes of all of the major candidates will depend on their ability to cross racial boundaries for support. As they...

Three US congressmen are pushing for an amendment to the Sarbanes-Oxley Act (SOX), the law designed to make executives more accountable, in a bid to water down the regulations for medium-sized companies. Gregory Meeks, a Democrat, has joined Republicans Tom Feeney and Pete Sessions to introduce an amendment to the Act that would exempt companies with a market value of less than $700m (£377m) or annual revenue of less than $125m and fewer than 1,500 shareholders from having to comply with the regulations. The unusual cross-party move comes just days after Kenneth Lay and Jeffrey Skilling, the two top executives...

Maryland Democrats are keeping close tabs on the top Republican candidate in the state's U.S. Senate race, by videotaping Lt. Gov. Michael S. Steele's campaign stops and noting his fundraisers with Bush administration officials. "God bless them," Mr. Steele said. "They're so scared, and I love them for that." Derek Walker, executive director of the state's Democratic Party, said videotaping is a typical campaign tactic and that party members are "learning as much as we can" about Mr. Steele. "We certainly take Michael Steele seriously," Mr. Walker said. "And we take George Bush and Karl Rove's threats of bringing $20...

[snip from Roll Call]Black Republican Could Scramble the Free State’s Senate Race Math By Josh Kurtz Roll Call Staff February 16, 2006 CAPITOL HEIGHTS, Md. — This is what a nightmare looks like for Senate Democrats: a roomful of black people, most of them lifelong supporters of the Democratic Party — and many of them committed to, or seriously considering, voting for the Republican in a close election...----------[snip from steeleformaryland.com]He's Lt. Gov. Michael Steele, the GOP's great black hope, the Republican with the best chance of winning a Senate election in Maryland since 1980. … "He's more liberal than the...