Citing the disproportionate costs of Sarbanes-Oxley on small filers, GOP Senators Olympia Snowe of Maine and Mike Enzi of Wyoming are urging the Securities and Exchange Commission to adopt "clear and practical" rules for small businesses with regards to SOX compliance.
The lawmakers' stance on SOX came as they released the results of a Government Accountability Office study they had requested on the impact of SOX on small filers.
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