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Saturday, November 21, 2009 12:08 PM

Published 11/04/2009 by Washington Post


Small public companies win exemption from audits: Despite regulators' protests, White House pressed House panel

A House committee, under pressure from the White House, voted Tuesday to exempt small public companies from part of a federal law designed to prevent financial fraud, despite objections from regulators and key Democratic leaders.

White House Chief of Staff Rahm Emanuel lobbied members of the House Financial Services Committee to exempt small public...

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What others report on the same story

Kanjorski snipes at Emanuel
A powerful subcommittee chairman working on financial regulations didn't appreciate Rahm Emanuel's role in trying to change his bill and he pointedly reminded members ... - [11/04/2009 - Politico]
Kanjo goes Rambo on Rahm
Not everyone is charmed by Rahm Emanuel's full court press, POLITICO's Victoria McGrane reports:A powerful subcommittee chairman working on financial regulations ... - [11/04/2009 - Politico]

Quotes

...of compliance "are very burdensome. It really cuts into their ability to grow and hire new people" said Rep. John Adler...
...past few days. "He and many members of Congress, the past two sessions, have expressed real concerns about the financial burden of" the Sarbanes-Oxley...
...the proposal. "Obviously Rahm Emanuel must have had some contacts with the business community" Garrett said...

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Audio/Video

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White House power player [CNN.com - Video - 11/05/2009]
White House power player [CNN International - YouTube - 11/05/2009]
1 2 3 4 5 6 7 8 9 10 ...

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