SOX Center

The U.S. Chamber of Commerce has launched a new center dedicated to lobbying Congress to ease Sarbanes-Oxley requirements and “strengthen the competitiveness of U.S. capital markets.”

The Center for Capital Markets Competitiveness (CCMC) was announced last week during the Chamber’s Capital Market Summit.

The Chamber represents 3 million businesses and wants to see the rules relaxed, but its summit Securities and Exchange Commission Chairman Cox said he opposes weakening the law.

“We don’t need to change the law,” Cox said. “We need to change the way it is implemented.”

In a statement, the Chamber said the new center will address domestic and international securities regulation, as well as challenges to the auditing profession, proxy rules, business due process, and a host of other issues.

SmartPros: U.S. Chamber Launches New Center