Participation in a roundtable hosted bythe House Government Reform Subcommittee on Regulatory Affairs on section 404 of the Sarbanes-Oxley Act.

On April 5, 2012, the President signed into law the Jumpstart Our Business Startups (JOBS) Act, which passed by a large bipartisan majority in the Congress. The Act is designed to facilitate the equity funding of new companies. Recent research has documented that from 1980 through the 2008-09 recession new companies have been main drivers of job creation in the United States. 

Given the newness, apparent cost, and controversies surrounding Section 404, this regulation would be a worthwhile project for data collection in order to undertake regulatory review.

The Sarbanes-Oxley Act, particularly the notoriously inefficient implementation of its Section 404, has become a synonym for wasteful expense, bureaucracy and paperwork.

Online registration for this event is closed. Walk-in registrations will be accepted.

Most of the controversy surrounding Sarbanes-Oxley has focused on its direct, tangible costs, especially the cost of creating, installing, and auditing internal controls under section 404. But there are many intangible ways in which this legislation could be even...

Proposed rule for Management"s Report on Internal Control over FinancialReporting (File No. S7-24-06).

Statement to the U.S. Securities and Exchange Commission on addressing the problems of Sarbanes-Oxley Section 404 that cause excessive and wasteful expense, bureaucracy and paperwork.

The Shadow Financial Regulatory Committee (SFRC) is a group of publicly recognized independent experts on the financial services industry, including banking, insurance, and securities, who meet regularly to study and critique regulatory policies affecting this sector of the economy. At the two closed sessions before the luncheon, committee members discussed,...