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Michael G. Oxley
Michael G. Oxley is former chairman of the House Financial Services Committee. One of the key authors of the landmark Sarbanes-Oxley Act, he provides high-level strategic counsel to domestic and multinational clients regarding corporate governance, financial transactions, export and trade promotion, and government oversight and investigations.
Among Congressman Oxley’s notable legislative achievements during his 25 years of service in the U.S. Congress: the Terrorism Risk Insurance Act, which helped resolve the post-Sept. 11 insurance crisis; the anti-money laundering provisions of the USA Patriot Act to help track terrorist financing; and, the FACT Act that brought consumers free annual credit reports.
Congressman Oxley is of counsel to the Baker Hostetler law firm, where he works with the Government Policy Group. In 1995, he was named chairman of the Energy and Commerce Subcommittee on Commerce, Trade and Hazardous Materials, which oversees capital markets. In this role, he successfully pressed for stock prices to be quoted in dollars and cents, leaving the fraction system behind and saving investors billions.
In his capacity as vice chairman of the Subcommittee on Telecommunications, he was the father of the spectrum auction, which made new portions of the radio spectrum available to communications companies. The effort boosted business activity in the wireless industry and raised $16.5 billion for the United States Treasury.
Congressman Oxley was elected to the Ohio General Assembly in 1972. He represented the 82nd District until July 1981 when he began his tenure in the U.S. House of Representatives. Prior to his career in public life, he was a special agent of the Federal Bureau of Investigation, assigned to Boston and New York. He moved back to Ohio and practiced law prior to being elected to the General Assembly.
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