FOR IMMEDIATE RELEASE:

CONTACT: Jesse Jacobs - 202-224-4524

Monday, May 20, 2002

Craig Davis - 202-224-7391



***POSTPONED***

SARBANES ANNOUNCES COMMITTEE ACTION
ON ACCOUNTING REFORM AND INVESTOR
PROTECTION ISSUES

Senator Paul S. Sarbanes (D-MD), Chairman of the Banking, Housing, and Urban Affairs Committee, today announced that the full Committee mark-up of the "Public Company Accounting Reform and Investor Protection Act of 2002" has been put over until after the Memorial Day recess at a time to be determined.

The Mark-up was scheduled for:

TUESDAY, MAY 21, 2002
10:00 A.M.
538 DIRKSEN SENATE OFFICE BUILDING



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