Sarbanes-Oxley 'hurting the US'
The US should rethink its regulation of firms and bosses to stay competitive, according to a group with close links to Treasury Secretary Henry Paulson.
Revising rules under the Sarbanes-Oxley Act would make US markets more attractive, the Committee on Capital Markets Regulation (CCMR) said.
Businesses have been critical of legislation brought in after the collapse of Enron and other scandals.
They point to high regulatory costs and the fear of legal action and jail.
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