Lawmakers Ponder Credit Rating Agency Regulation

Law360, New York (February 1, 2006, 12:00 AM EST) -- U.S. lawmakers are considering proposals to regulate the credit rating agencies that played a role in the downfall of companies such as Enron and WorldCom.

The U.S. Senate Committee on Banking, Housing and Urban Affairs will hold a hearing in March on the subject of credit rating agency regulation, according to statement by committee Chairman Richard Shelby.

The hearing will come a little more than a year after the committee initially broached the topic in a congressional hearing.

“We had a hearing last February looking at...
To view the full article, register now.