The House passed Rep. Oxley's bill (H.R. 3763) on April 24, 2002, by a vote of 334 to 90. The House then referred the "Corporate and Auditing Accountability, Responsibility, and Transparency Act" or "CAARTA" to the Senate Banking Committee with the support of President George W. Bush and the SEC. At the time, however, the Chairman of that Committee, Senator Paul Sarbanes (D-MD), was preparing his own proposal, Senate Bill 2673.
The House passed Rep Oxley's bill (HR 3763) on April 24 2002 by a vote of 334 to 90 The House then referred the "Corporate and Auditing Accountability Responsibility and Transparency Act" or "CAARTA" to the Senate Banking Committee with the support of President George W Bush and the SEC At the time however the Chairman of that Committee Senator Paul Sarbanes (D-MD) was preparing his own proposal Senate Bill 2673