Kerry, Snowe Praise Sarbanes-Oxley Extension for Small Businesses

U.S. Newswire, December, 2007

To: POLITICAL EDITORS

Contact: Kathryn Seck of the Office of Senator Kerry, 1-202-224- 9431; or John Gentzel of the Office of Senator Snowe, 1-202-224- 8667

WASHINGTON, Dec. 12 /PRNewswire-USNewswire/ -- After nearly a year of urging from Senator John Kerry (D-Mass.) and Olympia J. Snowe (R-Maine), today the U.S. Securities and Exchange Commission (SEC) agreed to provide small businesses with an additional one year extension to comply with Sarbanes-Oxley internal control requirements. Earlier this year, Kerry and Snowe held a hearing focusing on the impact of Sarbanes-Oxley regulations on small businesses and wrote three letters to the SEC seeking additional time for small firms to comply while preserving the intent of the 2002 law.

It took too long and it...

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