Congressman Oxley’s Involvement in the Sarbanes-Oxley
Act of 2002
Congressman Michael G. Oxley is Chairman of the House Committee
on Financial Services, The House Committee on Financial Services,
consists of 37 Republicans, 32 Democrats, and 1 Independent, whose
purpose is to watch over Wall Street, banks, and the insurance
industry. As Chairman, Congressman Oxley is determined to: protect
investors; ensure healthy markets exist in order for businesses
to have access to capital that in turn creates jobs; maintain
America’ leading role in finance, promote competition that
results in a variety of choices and lower prices for consumers
regarding financial products.
Congressman Oxley is the co-author of the Sarbanes-Oxley Act.
In response to corporate business scandals, this Act was designed
to establish investor protections and set higher standards for
corporate governance. Oxley played an integral role in developing
the Sarbanes-Oxley Act and his committee was the first to hold
hearings on the financial fraud at Enron, WorldCom, and other
companies.
Congressman Oxley earned his B.A. from Miami University and his law degree
from The Ohio State University College of Law, respectively. He is a former
special agent of the FBI, which draws upon his career as an attorney and experience
in law enforcement. He is an active member in various associations such as,
the American, Ohio, and Findlay Bar Associations, the Rotary International,
Findlay Elks, Ohio Farm Bureau, Society of Former Special Agents of the FBI,
and Sigma Chi fraternity.
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