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The US is facing criticism for legislation such as the Sarbanes-Oxley Act and the Patriot Act that seek to regulate foreign companies listed in the US“The US begins the millennium looking for all the world like a new Rome: only grander and more authoritative than the original,” stated Columbia University law professor Charles Sabel in his 1999 essay An Unlikely Democracy: the US at the Millennium. While his words were evidently designed to spark a heated debate, they also reflect a growing realisation across the world that the decisions emanating from Capitol Hill are likely to be felt far beyond the country’s borders.

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