Wednesday, November 04, 2009

Obama Administration Helps House Democrat Gut Post-Enron Reforms

Shahien Nasiripour, With the White House's blessing, a House panel voted Tuesday to water down a key post-Enron measure designed to protect investors.

In a voice vote, members of the House Financial Services Committee agreed to permanently exempt from a provision of the 2002 Sarbanes-Oxley Act all publicly traded companies with market values less than $75 million -- which amounts to more than half of all public companies. (more)

LSB: This isn't change we can believe in!

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