Former U.S. Senator and anti-fraud regulation co-sponsor Paul Sarbanes dies at 87

(Reuters) – Paul Sarbanes, a Maryland Democrat who served in the U.S. Congress for far more than 3 decades, assisted clean up the Chesapeake Bay and company scandals and pressured Richard Nixon to resign as president, died on Sunday at 87.

Paul Sarbanes is using his cell phone: FILE PHOTO: U.S. Senator Paul Sarbanes (D-MD) in this 2003 picture

© Reuters/Reuters Photographer
FILE Photograph: U.S. Senator Paul Sarbanes (D-MD) in this 2003 photograph

The comfortable-spoken winner of liberal results in who shunned publicity and was identified for talking bluntly, handed absent peacefully in Baltimore, his son and congressman John Sarbanes explained in a assertion


“Good friend, mentor and part product for so a lot of of us in the Greek American neighborhood. We will miss you Senator Paul Sarbanes,” California’s Lieutenant Governor Eleni Kounalakis stated on Twitter

Sarbanes was born to Greek immigrants in Maryland on Feb. 3, 1933 and graduated from Harvard Law Faculty in 1960.

He served four yrs as a state lawmaker following obtaining worked as a lawyer in Baltimore, just before receiving elected to the U.S. Household of Associates in 1970 wherever he worked right up until 1976, when he was elected to the Senate.

After the crash of Enron and other businesses in company scandals in 2001 and 2002, Sarbanes, as chairman of the Senate Banking Committee, advocated sweeping regulatory improvements.

He helped get as a result of Congress the Sarbanes–Oxley Act of 2002 that imposed stricter oversight of auditors and tougher penalties for executives who violate the law.

He served in the Senate for 3 many years ahead of saying in March 2005 at age 72 that he would not operate for re-election to the Senate the next year.

“It was not my ambition to stay there right up until they carried me out,” Sarbanes stated although announcing his retirement.

(Reporting by Reuters Workers Editing by Raju Gopalakrishnan)

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