What: All Issues : Government Checks on Corporate Power : Securities/Brokerage Industry : S 2673. Accounting Industry Regulation/Vote to Table (Kill) an Amendment Which Would Jeopardize Passage of Stricter Accounting Industry Regulations.
 Who: All Members
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S 2673. Accounting Industry Regulation/Vote to Table (Kill) an Amendment Which Would Jeopardize Passage of Stricter Accounting Industry Regulations.
senate Roll Call 172     Jul 11, 2002
Y = Conservative
N = Progressive
Winning Side:
Progressive

The scandals of Enron and WorldCom prompted debate in Congress on a bill to reform oversight of the accounting industry. Edwards (DNC) had proposed an amendment to the legislation that required attorneys representing public companies to report securities violations to the Securities and Exchange Commission (SEC). McConnell (R-KY) proposed an amendment to this amendment that would impose still further regulations on attorneys. His amendment would require a written disclosure of fees to a client before being retained, and prohibit attorneys from unsolicited contact with potential clients within 45 days of a personal injury or wrongful death. Progressives opposed this measure in part because they saw it opening the way for a blizzard of amendments that would sink the bill itself. Regardless, Enzi (R-WY) moved to table (kill) this amendment, and the motion passed, 62-35, with Progressives voting in favor of the motion.

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