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Sarbanes-Oxley may have gone too far, says Cheney

Sarbanes-Oxley may have gone too far, says Cheney

by Rick Turoczy on October 31, 2006

Dick Cheney said yesterday that the White House would be willing to lighten the Sarbanes-Oxley legislation, after admitting that the measure could be considered to have gone “too far.”

The US Vice-President’s remarks came a month after Hank Paulson, the Treasury Secretary, began to meet bank executives to discuss regulatory concerns, and appeared to confirm a broader shift in American policy towards a watering down of the Sarbanes-Oxley rules.

The Vice-President went on to indicate that he would be “happy to work with” Democrats on relaxing some Sarbanes-Oxley rules if they were to triumph in the midterm congressional elections next month. However, it is not certain that all Democrats see eye-to-eye with the emerging Republican consensus.

Sarbanes-Oxley may have gone too far, says Cheney

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