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Congress needs its own version of Sarbanes-Oxley

Congress needs its own version of Sarbanes-Oxley

by Toby Lucich on January 31, 2006

HAVING served in Washington for eight years, I can’t say that the current scandal surrounding lobbyist Jack Abramoff and various members of Congress comes as any great surprise.

During my tenure as chairman of the Securities and Exchange Commission, I worked with many decent, well-intentioned representatives and senators. Yet on issue after issue, it was clear that the interlocking systems of campaign finance, lobbying and policy-making were breaking down. Because many of the issues before the SEC were far from the front of the public’s mind, the influence of high-priced lobbyists on the system was easy to detect and especially brazen.

Congress needs its own version of Sarbanes-Oxley

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