PRESS RELEASE FOR IMMEDIATE RELEASE 

Contact: James Ropp, Securities Commissioner

Phone: (302) 577-8925

Date: July 24, 2003

ATTORNEY GENERAL BRADY EXPRESSES CONCERNS TO CONGRESS

Attempt by Congress to Pre-empt State Securities Enforcement Authority at Issue

(Wilmington, DE): Attorney General M. Jane Brady, along with a group of four other Attorneys General who also serve as the securities regulators in their respective states, have today submitted the attached letter to Congressmen Michael G. Oxley and Barney Frank of the U.S. House of Representatives, Committee on Financial Services expressing their concerns about a pending amendment to the Securities Fraud Deterrence and Investor Restitution Act of 2003. 



Following this release is a copy of the letter to Congress signed by Attorneys General Bill Lockyer of California, Joseph Curran, Jr. of Maryland, Eliot Spitzer of New York, Henry McMaster of South Carolina and Jane Brady of Delaware. The New Jersey Attorney General, who also serves as the securities regulator, has sent a separate letter of concern, referencing the letter of the above mentioned Attorneys General.

Attachment HR 2179

###