Free Enterprise Fund and Competitive Enterprise Institute to Announce Constitutional Legal Challenge to Sarbanes-Oxley


Sarbanes-Oxley was rushed into law in 2002 with good intentions following unprecedented corporate scandals.  Yet, elements of Sarbanes-Oxley now serve as classic examples of government overreaction—a dramatic expansion of regulatory power that has ultimately failed in achieving the intended objectives.  As a result, the law now imposes enormous direct and indirect costs on publicly traded <?xml:namespace prefix = st1 ns = “urn:schemas-microsoft-com:office:smarttags” />U.S. businesses, entrepreneurs and capital markets.

The Free Enterprise Fund and Competitive Enterprise Institute (CEI) will announce a Constitutional legal challenge to the Public Company Accounting Oversight Board (PCAOB) created by Congress as part of the Sarbanes-Oxley Act.  The media roundtable will include a panel of diverse experts to discuss the legal challenge and strategies to rein in the overregulation of Sarbanes-Oxley.



Mallory Factor, Chairman, Free Enterprise Fund

Michael A. Carvin, Partner, Jones Day

Viet D. Dinh, Professor of Law, Georgetown University

Hans Bader, Counsel, Competitive Enterprise Institute

Brad Beckstead, Managing Partner, Beckstead and Watts, LLP



12:00 – 1:00 pm ET

Wednesday, February 8, 2006

(Lunch will be served)



National Press Club

Zenger Room, 13th Floor

529 14th St. NW

Washington, D.C.


RSVP: The event is open to all credentialed media.  Due to room constraints, however, interested reporters and editors must RSVP in advance to [email protected].  

MEDIA CONTACT:  Matt Well – (202) 347-7941 or [email protected] 



The Free Enterprise Fund, a Section 501(c)(4) organization based in Washington, D.C., is America’s leading advocate for pro-growth economic policies leading to tax relief and tax reform, fiscal restraint and limited government.

CEI is a non-profit, non-partisan public policy group dedicated to the principles of free enterprise and limited government.  For more information about CEI, please visit our website at