Coalition Letter on Sarbanes-Oxley
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Now that the Senate has defeated the so-called American Jobs Bill, which was in reality just another big-spending stimulus bill, it’s time for Congress to pursue legislation that liberates to stimulate – liberates American entrepreneurs, investors, and workers from the shackles of biggovernment regulations that strangle the process of job creation.
Rep. Stephen Fincher’s Small Company Job Growth and Regulatory Relief Act of 2011, which earlier this month passed the House Financial Services Subcommittee on Capital Markets and Government Sponsored Enterprises, is an example of such legislation that we support. It would broaden the exemption from the costly accounting mandates of Section 404(b) of the SarbanesOxley Act of 2002 to public companies with market capitalization up to $350 million