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Senate approves tougher penalties for corporate fraud
The Senate approved harsher penalties for corporate fraud and document shredding to back Bush's accounting reform push. The bill would impose 10 year prison terms for securities fraud, 5 to 10 year terms for executives, and fines up to 1 million, with a new independent board to oversee audits and stricter limits on non audit services.
MENTIONED IN THIS ARTICLE
Washington
Senate
Bush
America
Dow Jones
WorldCom
Republican Party
Patrick Leahy
D-Vi
Enron
World- Com
Tuesday Bush
Wall Street
Securities and Exchange Commission
Treasury Department
Reserve Board
C4win. Com
As Pte
Asx Force
Oytte
Treasury
Paul O'Neill
FBI
Robert Mueller
Nirmal Revenue Service
Secuntes and Exchange Commission
Federal Energy Regulatory Commission
Federal Communications Commission
Maamum Pnson
SEC
Ing
Congress