“I think you can make a case that Sarbanes-Oxley went too far,” U.S. Vice President Dick Cheney said in an interview on CNBC’s Kudlow & Company.President George W. Bush told CNBC last week that he would like to fine-tune Sarbanes-Oxley to retain good corporate governance but relax some rules that could put U.S. capital markets at a disadvantage to their global competition.

Cheney appeared to agree on Monday. “We have to be very careful about slapping on new regulations or trying to respond to the political pressures of the moment by making life even more burdensome than we have,” he told CNBC’s Larry Kudlow.

“And I am generally not a big advocate of regulation. You need a certain amount, obviously, and you need a certain amount of oversight by government authorities, but we have to be very careful here not to choke off the creativity and the entrepreneurial spirit of the American economy.”

[1] Morningstar: US Cheney: Sarbanes-Oxley May Have Gone ‘Too Far”