Saturday, August 03, 2002

Sam Heldman has the text of the relevant part of the corporate reform bill:


No company with a class of securities registered under section 12 of the Securities Exchange Act of 1934 (15 U.S.C. 78l), or that is required to file reports under section 15(d) of the Securities Exchange Act of 1934 (15 U.S.C. 78o(d)), or any officer, employee, contractor, subcontractor, or agent of such company, may discharge, demote, suspend, threaten, harass, or in any other manner discriminate against an employee in the terms and conditions of employment because of any lawful act done by the employee --


`(1) to provide information, cause information to be provided, or otherwise assist in an investigation regarding any conduct which the employee reasonably believes constitutes a violation of section 1341, 1343, 1344, or 1348, any rule or regulation of the Securities and Exchange Commission, or any provision of Federal law relating to fraud against shareholders, when the information or assistance is provided to or the investigation is conducted by--


`(A) a Federal regulatory or law enforcement agency;


`(B) any Member of Congress or any committee of Congress; or


`(C) a person with supervisory authority over the employee ...




Bush's E.O. clearly violates this.

(via Public Nuisance)