Future of Accounting Regulation and Gov’t Abuse of Power at Stake - Washington, D.C., December 4, 2009 - On Monday, December 7th, the U.S. Supreme Court will hear Free Enterprise Fund v. Public Company Accounting Oversight Board, a lawsuit that challenges the constitutionality of much of the Sarbanes-Oxley Act of 2002.
The law, which was rushed through Congress after the Enron and WorldCom scandals, created numerous corporate governance and accounting rules that have been criticized by both Democrats and Republicans as excessively burdensome to smaller companies, detrimental to U.S. competitiveness, and ill-equipped to protect shareholders from fraud. The decision the Court makes could be more consequential to jobs growth than any job summit politicians might have.
Who: Competitive Enterprise Institute attorneys and allies
What: Oral argument for case challenging the constitutionality of the Sarbanes-Oxley’s Public Company Accounting Oversight Board
Where: U.S. Supreme Court
When: Monday, December 7, 10:00 a.m. After the case, CEI attorneys Sam Kazman and Hans Bader and Sarbox scholar John Berlau will be answering questions from the press corps at the Supreme Court and will be available by phone the rest of the day.
Original with expanded links,etc: http://cei.org/news-release/2009/12/04/supreme-court-hear-pivotal-sarbanes-oxley-case-monday-dec7
CEI is a non-profit, non-partisan public policy group dedicated to the principles of free enterprise and limited government. For more information about CEI, please visit us at http://cei.org/
Posted by Press Release: Christine Hall on 12/4/09
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