Washington (July 12, 2002) -- Outrage over the unfolding accounting scandals shifted the mood on Capitol Hill toward action this week, as the Senate voted Wednesday in favor of an amendment to the Public Company Accounting Reform and Investor Protection Act that would go beyond the measures proposed by President Bush earlier in the week.
The amendment proposed by Sen. Patrick Leahy, D- Vt., which cleared the Senate in a 97-0 vote, would create a new crime for any "scheme or artifice" to defraud shareholders in publicly traded companies.
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