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NWC Advocacy Director Appears on Fox Business

WNN StaffbyWNN Staff
August 3, 2010
in Corporate, News
Reading Time: 2 mins read
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I had the pleasure of appearing on Fox Business last week to discuss the historic whistleblower provisions included in the recently passed financial reform bill. The qui tam provisions in the bill provide strong protections and financial rewards for reporting financial fraud. These provisions are designed to encourage private employees to report fraud. The FOIA exemption in the whistleblower provision of the bill is necessary to protect the identity of whistleblowers who step forward. 

Watch the latest video at video.foxbusiness.com

 

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However, for all the good provisions in the bill, Congress still left out an important piece of the puzzle. They failed to include protection for federal employees. So, the employees at the Securities and Exchange Commission (SEC) who are concerned that the agency is not properly investigating a case will still have no protection. We cannot have effective oversight and accountability without both pieces.  Federal employees deserve the same strong whistleblower protections that Congress has repeatedly granted to private employees. The amendments to the Whistleblower Protection Act have been pending in Congress for years and if Congress does not act soon another session will end without the passage of meaningful reform. Congress must immediately pass the House version of the bill, H.R. 1507. You can help by clicking here to send a letter to Congress asking then to pass strong federal employee whistleblower protection.

Tags: Corporate FraudCorporate WhistleblowersHR 1507SECSecurities and Exchange CommissionWhistleblowerWhistleblower Protection Enhancement Act
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Whistleblower Network News is an independent online newspaper providing our readers with up-to-date information on whistleblowing. Our goal is to be the best source of information on important qui tam, anti-corruption, compliance, and whistleblower law developments. We will focus on the SEC, IRS, and Commodities whistleblower programs, qui tam and False Claims Act litigation, and critical anti-corruption programs, such as cases filed by the Department of Justice under the Foreign Corrupt Practices Act. Whistleblower Network News covers national and international legal developments and publishes editorial and opinion articles on whistleblowing and compliance issues.

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