"What President Bush has laid out today is a tough-minded, no-nonsense approach to meaningful corporate reforms that will go a long way in bolstering public confidence in America's capital markets. 

"The President clearly understands, as I do, that corporate criminals need to go to jail.  The thousands of hard-working Americans, pension holders and small investors devastated by corruption in corporate boardrooms must see rogue company executives punished for their greedy practices, not rewarded with multi-million dollar stock options and massive compensation packages.