In June 2002, Congress was working on a bill to address the issues in the Enron scandal. Arthur Levitt and others had provided input to Congress in developing a reform bill that was sponsored by Senator Paul S. and Sarbanes Representative Michael G. ley. In June, the WorldCom fraud was exposed mostly because of the courage of internal auditor Cynthia Cooper. It was the largest fraud to date. Upon news of the new debacle. Congress moved the bill up to debate after the July 4 recess. On July 30, 2002, Congress passed the Sarbanes-Oxley Act of 2002 (SOX). All of the prior standards or regulations pale in comparison to the effects of the passage of SOX.