In a move to keep the United States ensconced as the financial capital of the world, a newly formed commission will recommend changes to the Sarbanes-Oxley Act and other regulatory mandates it judges to encumber domestic capital markets from remaining competitive.
The group, to be called, "The Committee on Capital Markets Regulation," will be co-chaired by former White House economic advisor Glenn Hubbard and Goldman Sachs president John Thornton. It will submit its recommendations at the end of November.
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