New York (July 10, 2002) -- Calling for a "new era of integrity in corporate America" in a speech to Wall Street executives Tuesday, President Bush unveiled several measures aimed at restoring public confidence in financial reporting in the wake of accounting scandals at companies including Enron, WorldCom and Adelphia.
Included in Bush's proposals was a plan to create a new corporate fraud task force to target accounting fraud, headed by the deputy attorney general. Bush said the task force will function as a "financial crimes SWAT team overseeing the investigation of corporate abusers and bringing them to account."
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