By Staff Reporter (media@latinospost.com) | First Posted: Jan 07, 2016 05:03 AM EST

Even though two women accused the comedian of sexually assaulting them in 1965 and 2008, respectively, Bill Cosby will not be charged by the Los Angeles prosecutors. Cosby's lawyer said that the right conclusion has been reached. 

E News reports that Los Angeles prosecutors will not be filing sexual assault charges against the 78-year-old actor because any that could have been issued are prevented by the statute of limitations as well as insufficient evidence.

The decision came a week after Cosby was arraigned in Pennsylvania for a separate sexual assault case over a 2004 incident. Involved in the case was a former employee of Temple University. Interestingly, this is the only case that led to criminal charges against the legendary actor comedian. Since last year, he has been accused of molesting and assaulting at least 50 women. Common to these cases were the allegations that the actor comedian first drugged them. He denied all these accusations. 

The decision undoubtedly pleased Cosby's camp. His lawyer, Chris Tayback, was quick to release a statement posted by CNN on how pleased they are with the decision. "We are satisfied that the Los Angeles DA's office fully and fairly evaluated all the facts and evidence, and came to the right conclusion," the statement reads. "We are also pleased that, on the same day, the California Court of Appeals ruled in our favor in Dickinson v. Cosby, thus reversing the order of the lower court and preventing any effort by Dickinson to depose our client until such time as she has proven she has sufficient evidence under California law to move forward with her defamation claim," the statement further showed. 

Although Cosby escaped from the charges, his Medal of Freedom might soon be stripped from him. Huffington Post reported that a Republican congressman plans to launch a legislation that would remove the Presidential Medal of Freedom from the comedian because of all these negative allegations. 

If this bill from Arizona Rep. Paul Gosar pushes through, a formal process for revoking the nation's highest civilian honor might emerge. Once existing, there would now be a formal process to take away the award from Cosby who received it in 2002 under President George W. Bush's administration. 

Gosar claimed that it does not matter if the entertainer has not been proven guilty on the above 50 sexual assault cases against him yet. The actor already admitted to obtaining Quaaludes, a prescription sedative drug, so that he can give this to girls he wanted to sleep with. Gosar shared that to have the award means there is nothing negative on the "whole aspect" of the recipient's life. 

Here is a video of the comedian striking back at a Heckler over rape allegations: