The collapses of Enron, WorldCom, Adelphia and other companies in 2001-2002 led to Congress passing the Sarbanes-Oxley Act.

Name: The collapses of Enron, WorldCom, Adelphia and other companies in 2001-2002 led to Congress passing the Sarbanes-Oxley Act.
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The Sarbanes-Oxley Act was enacted in 2002 in response to major corporate and accounting scandals, including those involving Enron, WorldCom, and Adelphia, to protect investors from fraudulent financial reporting.

The Collapses of Enron, WorldCom, Adelphia and Other Companies in 2001-2002