Pamela Barnett

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Report: SEC resources, staffing don't match workload

March 5, 2002 General Accounting Office Comptroller General David Walker told the Senate Banking Committee Tuesday that he believes the Securities and Exchange Commission's resources and staffing levels have failed to keep pace with the agency's growing caseload. Walker told the committee at a hearing on accounting standards that a number of important...

Lawmaker urges Bush to boost SEC staff, fund pay raise

February 1, 2002 House Financial Services Committee ranking member John LaFalce, D-N.Y., has asked President Bush to fully fund a pay raise for Securities and Exchange Commission employees and to support a major increase in staffing at the agency. In a letter Thursday, LaFalce urged that the pay parity provisions, enacted as part...

Senator vows strict oversight of Treasury on money laundering initiatives

January 29, 2002 Senate Banking Chairman Paul Sarbanes, D-Md., put the Bush administration on notice Tuesday that he intends to keep a firm eye on how the executive branch implements and administers the money laundering components included in last year's sweeping anti-terrorism bill. "It is a matter we intend to follow very closely...

House chair readies bill to split INS

November 2, 2001 House Judiciary Committee Chairman James Sensenbrenner, R-Wis., plans Tuesday to unveil a bill designed to restructure the Immigration and Naturalization Service, a committee spokesman said Friday. As envisioned, the measure would effectively split the agency in two parts, separated by its enforcement and administrative functions. Moreover, the bill would establish...

Move underway to authorize Homeland Security Office

October 5, 2001 A group of House members may try to add an amendment to the Bush administration's anti-terrorism bill next week to authorize the White House Office of Homeland Security, according to several House sources. The move comes as the White House and several congressional Republicans signaled that Congress should not rush...

House members urge action on SEC salaries, fees

September 27, 2001 House Financial Services Chairman Michael Oxley, R-Ohio, Capital Markets Subcommittee Chairman Richard Baker, R-La., and Rep. Vito Fossella, R-N.Y., are urging Treasury Secretary Robert O'Neill to consider including in the economic stimulus package pending legislation to raise the salaries of Securities and Exchange Commission employees and reduce fees investors pay...

Concerns force delay in anti-terrorism bill

September 25, 2001 Calling the threat of additional terrorist strikes on U.S. soil a "clear and present danger," Attorney General Ashcroft urged Congress Monday to give federal law enforcement the tools it needs to catch and prosecute suspected attackers. However, concerns on both sides of the aisle forced postponement of a markup that...

Tighter airline security legislation seen by end of year

September 18, 2001 Last Tuesday's attacks altered not only the New York skyline, but also the lens through which aviation-related legislation will be viewed, industry and congressional observers said. Several sources agreed that, in the aftermath of the attacks, security issues would dominate the aviation landscape indefinitely. "My sense is that it's all...

SEC pay bill may be on fast track

June 14, 2001 House Financial Services Chairman Michael Oxley, R-Ohio, Wednesday said the Senate has signaled it might be willing to take up House-passed legislation providing a pay raise for Securities and Exchange Commission employees, thereby avoiding the need for a conference committee. Speaking with reporters, Oxley and House Republican leaders said the...

House leaders must resolve SEC pay raise issue

May 30, 2001 House Financial Services Chairman Oxley, R-Ohio, and Government Reform Chairman Dan Burton, R-Ind., have reached an impasse in their negotiations over pending SEC pay raise legislation and are looking to Republican leaders to act as the final arbiter in the matter, sources said Tuesday. "We're looking at leadership to coordinate...

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