In the wake of the widening corporate accounting scandals, both the House and Senate have passed versions of corporate accountability and reform legislation. As reported in a previous Watcher, on April 24, the House passed the "Corporate and Auditing Accountability, Responsibility, and Transparency Act" (H.R. 3763), while the Senate passed its version (S. 2673) last Monday, July 15th. The conference committee that will hammer out the differences between the House and Senate version was appointed on Wednesday, July 17th, and has promised to be finished with the legislation by July 26th.