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Sarbanes-Oxley News & Developments
Sarbox Relief Bill Not EnoughFormer presidential candidate John Kerry has introduced a little-noticed Sarbox relief bill for small companies.
> > Sen. John Kerry (D-Mass.) has introduced legislation to ease the concerns small companies have about the cost of complying with section 404 of the Sarbanes-Oxley Act. But amid the month-long break of Congress until the Nov. 7 elections, followed by a year-end, lame-duck session, the bill is not expected to go anywhere or get much attention.
Called the Small Business Sarbanes-Oxley Assistance Act of 2006 (S. 3919), the legislation would help companies comply with Sarbox in two ways: the Small Business Administration would award $5 million annually in federal grants to small businesses, and a task force would periodically report to Congress how to help companies comply with the 2002 law.
Source: CFO
Published:2006-10-03
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