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.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]