Mike Oxley

Last updated
Mike Oxley
Michael Oxley 109th Congress.jpg
Chairman of the House Financial Services Committee
In office
January 3, 2001 January 3, 2007
Speaker Dennis Hastert
Preceded by Jim Leach
Succeeded by Barney Frank
Member of the U.S.HouseofRepresentatives
from Ohio's 4th district
In office
June 25, 1981 January 3, 2007
Preceded by Tennyson Guyer
Succeeded by Jim Jordan
Member of the OhioHouseofRepresentatives
from the 82nd district
In office
January 3, 1973 June 25, 1981
Preceded by Robert D. Schuck
Succeeded by Charlie Earl
Personal details
Born
Michael Garver Oxley

(1944-02-11)February 11, 1944
Findlay, Ohio, U.S.
DiedJanuary 1, 2016(2016-01-01) (aged 71)
McLean, Virginia, U.S.
Political party Republican
Spouse(s)Patricia Ann Oxley
Alma mater Miami University (B.A.)
Ohio State University College of Law (J.D.)
OccupationFBI Agent, lawyer

Michael Garver Oxley (February 11, 1944 – January 1, 2016) was a Republican politician who served as a U.S. Representative from the 4th congressional district of Ohio.

Republican Party (United States) Major political party in the United States

The Republican Party, also referred to as the GOP, is one of the two major political parties in the United States; the other is its historic rival, the Democratic Party.

United States House of Representatives lower house of the United States Congress

The United States House of Representatives is the lower chamber of the United States Congress, the Senate being the upper chamber. Together they compose the legislature of the United States.

Ohios 4th congressional district electoral district in northwestern Ohio

Ohio's 4th congressional district is represented by Republican Jim Jordan. As part of the 2010 redistricting process, it was redrawn from the previous district to stretch from Lima, to include the northwestern suburbs of Columbus, up to Tiffin and Elyria on the shores of Lake Erie.

Contents

Background

Oxley was born in Findlay, Ohio, and received a bachelor of arts degree from Miami University in 1966 and a law degree from Ohio State University in 1969. He was a member of the Alpha chapter of the Sigma Chi fraternity at Miami.

Findlay, Ohio City in Ohio, United States

Findlay is a city in and the county seat of Hancock County, Ohio, United States. The city metro area is often referred as The Greater Findlay Area. The second-largest city in Northwest Ohio, Findlay lies about 40 miles (64 km) south of Toledo. The population was 41,202 at the 2010 census. It is home to the University of Findlay. Findlay is one of two cities in Hancock County, along with Fostoria.

Miami University Public research university located in Oxford, Ohio, United States

Miami University is a public research university in Oxford, Ohio, United States. The university was founded in 1809, although classes were not held until 1824. Miami University is the second-oldest university in Ohio and the 10th oldest public university in the United States. The school's system comprises the main campus in Oxford, as well as regional campuses in Hamilton, Middletown and West Chester. Miami also maintains an international boarding campus, the Dolibois European Center in Differdange, Luxembourg. The Carnegie Foundation classifies Miami University as a research university with a high research activity. It is affiliated with the University System of Ohio.

Ohio State University public research university in Columbus, Ohio, United States

The Ohio State University, commonly referred to as Ohio State or OSU, is a large public research university in Columbus, Ohio. Founded in 1870 as a land-grant university and the ninth university in Ohio with the Morrill Act of 1862, the university was originally known as the Ohio Agricultural and Mechanical College (Mech). The college began with a focus on training students in various agricultural and mechanical disciplines but it developed into a comprehensive university under the direction of then-Governor Rutherford B. Hayes, and in 1878 the Ohio General Assembly passed a law changing the name to "The Ohio State University". It has since grown into the third-largest university campus in the United States. Along with its main campus in Columbus, Ohio State also operates regional campuses in Lima, Mansfield, Marion, Newark, and Wooster.

From 1969 to 1972, Oxley worked for the Federal Bureau of Investigation and became active in the Ohio Republican Party. He served in the Ohio House of Representatives from 1973 to 1981.

Federal Bureau of Investigation governmental agency belonging to the United States Department of Justice

The Federal Bureau of Investigation (FBI) is the domestic intelligence and security service of the United States, and its principal federal law enforcement agency. Operating under the jurisdiction of the United States Department of Justice, the FBI is also a member of the U.S. Intelligence Community and reports to both the Attorney General and the Director of National Intelligence. A leading U.S. counter-terrorism, counterintelligence, and criminal investigative organization, the FBI has jurisdiction over violations of more than 200 categories of federal crimes.

Ohio Republican Party

The Ohio Republican Party is the Ohio state affiliate of the United States Republican Party. It was founded in Columbus, Ohio on February 13, 1854.

Ohio House of Representatives lower house of the Ohio General Assembly

The Ohio House of Representatives is the lower house of the Ohio General Assembly, the state legislature of the U.S. state of Ohio; the other house of the bicameral legislature being the Ohio Senate.

Oxley was elected a U.S. Representative in 1981 in a special election to fill the vacancy caused by the death of U.S. Representative Tennyson Guyer. Oxley began serving at this post in June 1981 in the 97th Congress. [1]

Tennyson Guyer Ohio politician

Tennyson Guyer was a member of the United States House of Representatives. He was a Republican from Ohio.

97th United States Congress 1981–1983 U.S. Congress

The Ninety-seventh United States Congress was a meeting of the legislative branch of the United States federal government, composed of the United States Senate and the United States House of Representatives. It met in Washington, D.C. from January 3, 1981, to January 3, 1983, during the final weeks of Jimmy Carter's presidency and the first two years of Ronald Reagan's presidency. The apportionment of seats in the House of Representatives was based on the Nineteenth Census of the United States in 1970. The House of Representatives had a Democratic majority. The Republicans gained control of the Senate, the first time that Republicans gained control of any chamber of Congress since 1953.

He served as the chairman of the Committee on Financial Services, and was House sponsor of the Sarbanes–Oxley Act of 2002, which enacted "sweeping post-Enron regulations of publicly traded companies." [2] He was also the House sponsor of a 2006 bill that condemned media outlets that had published information on a covert financial surveillance system. [3]

The United States House Committee on Financial Services, also referred to as the House Banking Committee and formerly known as the Committee on Banking and Currency, is the committee of the United States House of Representatives that oversees the entire financial services industry, including the securities, insurance, banking and housing industries. The Financial Services Committee also oversees the work of the Federal Reserve, the United States Department of the Treasury, the U.S. Securities and Exchange Commission and other financial services regulators. It is currently chaired by Democrat Maxine Waters from California. Waters was elected as chair of the committee, and assumed office on January 3, 2019.

Sarbanes–Oxley Act United States law covering finance and accountability

The Sarbanes-Oxley Act of 2002, also known as the "Public Company Accounting Reform and Investor Protection Act" and "Corporate and Auditing Accountability, Responsibility, and Transparency Act" and more commonly called Sarbanes–Oxley, Sarbox or SOX, is a United States federal law that set new or expanded requirements for all U.S. public company boards, management and public accounting firms. A number of provisions of the Act also apply to privately held companies, such as the willful destruction of evidence to impede a federal investigation.

Enron scandal

The Enron scandal, publicized in October 2001, eventually led to the bankruptcy of the Enron Corporation, an American energy company based in Houston, Texas, and the de facto dissolution of Arthur Andersen, which was one of the five largest audit and accountancy partnerships in the world. In addition to being the largest bankruptcy reorganization in American history at that time, Enron was cited as the biggest audit failure.

Oxley announced his retirement from Congress on November 1, 2005, effective at the end of his term in 2007. He was succeeded by Republican Jim Jordan. [4]

Post-congressional career

Following his retirement from Congress, Oxley was named a nonexecutive vice chairman for NASDAQ, [5] and a partner at the law firm of BakerHostetler in Washington, D.C. [2] He later became a lobbyist for the Financial Industry Regulatory Authority, the "self-regulatory body of the securities industry." [6]

Oxley, a non-smoker, was diagnosed with lung cancer around 2006, and became a member of the Lung Cancer Alliance board. [7] He died in McLean, Virginia, on January 1, 2016, from the disease. [8] [9] [10]

Honors

The Findlay post office is named for Oxley and the portion of US 30 within Hancock County is designated "Congressman Michael G. Oxley Memorial Highway". [11] [12]

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References

  1. Republican squeaks by in 4th District Congressional Race
  2. 1 2 Carney, Timothy (2010-01-11) Regulate your way to riches: Michael Oxley [ permanent dead link ], The Washington Examiner
  3. House GOP Chastises Media
  4. Files, John(2005-11-2)New York Times Ohio Republican To Retire
  5. 2007-03-15 (Reuters) – Nasdaq Stock Market Inc. (NDAQ.O) on Thursday named former Congressman Michael G. Oxley, co-author of the Sarbanes-Oxley securities legislation, as nonexecutive vice chairman,
  6. Carney, Timothy (2011-03-22) Regulate your way to riches: Oxley's new big client [ permanent dead link ], The Washington Examiner
  7. http://abcnews.go.com/Politics/wireStory/rep-mike-oxley-dies-helped-create-post-enron-36050492
  8. Former Rep. Mike Oxley, co-author of post-Enron law, dies at 71, PBS NewsHour
  9. Ex-Rep. Mike Oxley Dies; Helped Create Post-Enron Law Archived 2016-01-22 at Archive.today , The Courier
  10. http://www.dispatch.com/content/stories/local/2016/01/02/ohioan-was-in-congress-for-25-years.html
  11. "5534.55 Congressman Michael G. Oxley Memorial Highway". Ohio Revised Code . LAW Writer. August 5, 2016. Retrieved August 28, 2017.
  12. Heigl, Jana (October 24, 2016). "Poll shows Trump, Clinton tied at 45% in Ohio". Dayton Daily News . Retrieved August 28, 2017.
U.S. House of Representatives
Preceded by
Tennyson Guyer
Member of the  U.S. House of Representatives
from Ohio's 4th congressional district

June 25, 1981 – January 3, 2007
Succeeded by
Jim Jordan
Political offices
Preceded by
Jim Leach
Iowa
Chairman of the House Financial Services Committee
2001–2007
Succeeded by
Barney Frank
Massachusetts