SOX Gets Socked, But Stays On Feet

Law360, New York (December 11, 2009, 4:34 PM EST) -- Many words have been used to describe the Sarbanes-Oxley Act, but durable may soon be added to the list. Although an amendment that would remove part of SOX's reporting requirements from a group of smaller companies just passed the U.S. House of Representatives, observers say a broader challenge to the controversial 2002 law is unlikely.

On Friday, the House approved a measure, embedded in the Investor Protection Act, that would exempt small public companies from reporting requirements under the Sarbanes-Oxley Act. A bipartisan group of 100...
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