Reforming Sarbanes-Oxley: How to Restore American Leadership

The complex Sarbanes-Oxley law has generated unanticipated negative consequences in its attempt to clean up Wall Street accounting and reporting practices. The cost to the U.S. economy is enormous: $35billion in direct costs and up to $1.4 trillion in indirect costs.Numerous companies have either dropped their U.S. registration orhave simply listed their companies on overseas exchanges.

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