While the 2012 election did not bring about a change of power in either Congress or the White House, it did result in more than 80 new members of Congress being elected. Among those elected to begin their first term this January are three of our very own Deloitte alumni: Patrick Murphy (D-FL), Tom Rice (R-SC) and Jim Bridenstine (R-OK). These three newly elected Members join Congressman Brad Sherman (D-CA), who also spent time at Deloitte prior to running for public office. “The 2012 election was an important time for our country,” said Gene Procknow, Deloitte’s Managing Principal of Government Relations. “It was also an exciting time for Deloitte, our professionals, and our former colleagues who were running for Congress.”
As one of 12 CPAs serving in the 113th Congress, Congressman Murphy brings a unique perspective to Washington. After graduating from the University of Miami, he joined Deloitte’s audit practice in South Florida. During his three years as an audit team member, Rep. Murphy worked with a number of the firm’s Fortune 500 clients. His work with audit clients provided him with a foundation of knowledge that he has continued to draw from. As a new member of Congress, serving on the House Financial Services Committee, Rep. Murphy’s time at Deloitte will help to shape his perspectives. At age 29, Congressman Murphy is also the youngest member of the 113th Congress.
Congressman Tom Rice attended the University of South Carolina where he earned his Bachelor’s degree in Accounting. After receiving his college degree, Rep. Rice furthered his education at the University of South Carolina by completing both a Master’s in Accounting and a Juris Doctorate degree. Following graduation, he worked at the Deloitte office in Charlotte, NC, as a senior staff member in the Tax department.
After graduating from the University of California Los Angeles, receiving a JD from Harvard University and obtaining his CPA license, Congressman Sherman pursued a career in the accounting profession. In the mid-1970s, he worked for Haskins and Sells, a Deloitte predecessor. As an accountant and a tax law specialist, he audited large businesses and governmental entities.
During his more than 15 years in the U.S. House of Representatives, Rep. Sherman has been a champion for issues affecting the accounting and auditing profession. He is a senior member of both the House Foreign Affairs Committee and the House Financial Services Committee. In 2002, Congressman Sherman played an important role in helping to craft the Sarbanes-Oxley Act – legislation that reshaped the accounting profession. More recently, he has worked with his fellow CPA colleagues in Congress to establish the Bipartisan Congressional CPA Caucus. The caucus, which Congressman Sherman co-chairs with Congressman Mike Conaway (R-TX), is an informal, bipartisan group of Members, all CPAs, who are dedicated to discussing and formulating innovative policy approaches to issues affecting CPAs, including tax administration, compliance and accounting and auditing standards.
Congratulations to all of the Deloitte alumni currently serving in Congress!