Does the Sarbanes-Oxley Act Have a Future?, 26 Yale Journal on Regulation 229 (2009)
Although the enactment of the Sarbanes-Oxley Act (SOX) received
nearly unanimous congressional support, only a few years thereafter its
wisdom was increasingly questioned and its supporters had to stave off
attempts to recraft the legislation. The financial crisis of 2008 has sidelined
efforts to alter the legislation's most costly provision, as Congress's attention
has turned to overhauling the regulatory regime for financial institutions.
There is, nonetheless, much to be learned about financial regulation and SOX's future, from an in-depth examination of the interplay of the government and private commissions created with an eye to revising the legislation, media coverage of those entities, and congressional responses.
Date of Authorship for this Version
Romano, Roberta, "Does the Sarbanes-Oxley Act Have a Future?" (2009). Faculty Scholarship Series. Paper 1922.