U.S. Reps. Meeks, Feeney and Sen. DeMint Aim to Make Improvements to Section 404 of the Sarbanes-Oxley Act of 2002
0 Comments Published by claudia March 9th, 2007 in News, SOX, Section 404, North America Tags: aim, financial services committee, gregory w meeks, internal control, mid cap, open markets, reps, sarbanes oxley act, Section 404, tom feeney.Congressman Gregory W. Meeks (D-NY), a member of the House Financial Services Committee, along with Reps. Tom Feeney (news, bio, voting record) (R-Fla.) and Pete Sessions (news, bio, voting record) (R-Texas) will be holding press conference on Tuesday, March 13 in room SC-6 of the Capitol at 10:00 AM in order to re-introduce a bill to make improvements to Section 404 of the Sarbanes-Oxley Act of 2002. The bill is designed to reduce some of the financial burdens that have been put on small to mid cap businesses as a part of attesting to the soundness of their internal control functions.
The bill is the COMPETE Act of 2007, which stands for Competitive and Open Markets that Protect and Enhance the Treatment of Entrepreneurs Act first introduced by both Meeks and Feeney in 2006.
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