Sen. Paul Sarbanes, D-Maryland, spoke out in strong defense of the corporate accounting legislation that bears his name last week, in a speech before the Consumer Federation of America.
Sarbanes said that the Sarbanes-Oxley Act of 2002, which he co-authored with Rep. Michael Oxley, R-Ohio, has helped kept investor confidence in the country securities markets intact, and that critics of the law should keep in mind the catastrophic business collapses that spurred on the bill's passage.
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