George W. Bush (regarding Sarbanes-Oxley)

George W. Bush was the U.S. President when the Sarbanes-Oxley Act was enacted in 2002. This legislation was created in response to major corporate scandals like Enron and WorldCom, aiming to improve transparency and accountability in financial reporting. It established stricter rules for companies’ internal controls, increased penalties for fraud, and required top management to personally verify the accuracy of financial statements. Bush supported these reforms to restore public trust in financial markets, emphasizing the importance of ethical corporate behavior and stronger oversight to prevent future scandals and protect investors.