The new Congress convening this month may be more willing to tinker with the Sarbanes-Oxley Act than the previous one. After all, the law’s chief architects, Rep. Michael Oxley, R-Ohio, former chairman of the House Financial Services Committee, and Sen. Paul Sarbanes, D-Md., the former ranking member on the Banking Committee, have retired.
But even if Congress doesn’t bring the 2002 corporate-reform law to the floor, a D.C.-based free market group’s lawsuit challenging its constitutionality could force Congress to reconsider the law.
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