I need help finding a Business Week article.

[Pale Blue Dot]

Randi Rhodes and others this past week mentioned a Business Week article that discussed a Bush administration "signing statement" exempting companies from standard accounting practices if they do business with Federal Government. I can't find anything about this here, or on Randi's website, or on Business Week's website. Can anyone help?

[teach1st]

1. MSNBC reporting from BusinessWeek

http://msnbc.msn.com/id/12952860/

President George W. Bush has bestowed on his intelligence czar, John Negroponte, broad authority, in the name of national security, to excuse publicly traded companies from their usual accounting and securities-disclosure obligations. Notice of the development came in a brief entry in the Federal Register, dated May 5, 2006, that was opaque to the untrained eye.

Unbeknownst to almost all of Washington and the financial world, Bush and every other President since Jimmy Carter have had the authority to exempt companies working on certain top-secret defense projects from portions of the 1934 Securities Exchange Act. Administration officials told BusinessWeek that they believe this is the first time a President has ever delegated the authority to someone outside the Oval Office. It couldn't be immediately determined whether any company has received a waiver under this provision.

[Pale Blue Dot]

2. Thank you! nt

[babylonsister]

3. Searches of Negroponte will help you-here's a thread:

http://www.democraticunderground.com/discuss/duboard.php?az=show_topic&forum=364&topic_id=1299221

Edit to add this: Here's an article from BusinessWeek:

Bush Gave Negroponte Broad Authority to Waive SEC Rules Updated at 4:36 PM

MAY 23, 2006

Intelligence Czar Can Waive SEC Rules
Now, the White House's top spymaster can cite national security to exempt businesses from reporting requirements

President George W. Bush has bestowed on his intelligence czar, John Negroponte, broad authority, in the name of national security, to excuse publicly traded companies from their usual accounting and securities-disclosure obligations. Notice of the development came in a brief entry in the Federal Register, dated May 5, 2006, that was opaque to the untrained eye. Advertisement

Unbeknownst to almost all of Washington and the financial world, Bush and every other President since Jimmy Carter have had the authority to exempt companies working on certain top-secret defense projects from portions of the 1934 Securities Exchange Act. Administration officials told BusinessWeek that they believe this is the first time a President has ever delegated the authority to someone outside the Oval Office. It couldn't be immediately determined whether any company has received a waiver under this provision.

The timing of Bush's move is intriguing. On the same day the President signed the memo, Porter Goss resigned as director of the Central Intelligence Agency amid criticism of ineffectiveness and poor morale at the agency. Only six days later, on May 11, USA Today reported that the National Security Agency had obtained millions of calling records of ordinary citizens provided by three major U.S. phone companies. Negroponte oversees both the CIA and NSA in his role as the administration's top intelligence official.

http://www.businessweek.com/bwdaily/dnflash/may2006/nf2 ...