Washington, D.C., Of Counsel Michael Oxley, former Congressman, Chairman of the House Financial Services committee and co-author of the Sarbanes-Oxley Act of 2002, was quoted in the August 25, 2009, Boston Globe article, "Frank Focused on Reshaping US Finance."
According to the article, as chairman of the House Financial Services Committee, Frank is busy assembling a complex bill to give the federal government unprecedented control over the country's financial institutions. During much of Congress' August recess, Frank has been contemplating legislative drafts and monitoring the shifting uncertainties of his committee's 70 members. When Congress returns to session after Labor Day, Frank expects to chair a series of hearings and markup sessions that he hopes will generate a single comprehensive bill on financial reform for a vote in the House, according to the article.
"He's got to drive an agenda—not necessarily his own, but the administration's agenda, some which he may have questions about—and put together a coalition that can get a bill out of committee," said Oxley, who preceded Frank as chairman. "He knows how to get things done, he knows how to make deals when he has to," said Oxley. "A lot of it is trying to position the House so they can be relevant when that legislation ends up in the Senate."