CEI Today: Sarbanes-Oxley, reforming the Federal Reserve, and Bloomberg's nanny state



CEI financial policy expert John Berlau testifies before a House Financial Services subcommittee on the 10th anniversary of Sarbanes-Oxley

This hearing marks the occasion of the tenth anniversary of the passage and signing of SOX, the Sarbanes-Oxley Act of 2002, and I must confess that on past anniversaries of this law, I had not found much to celebrate.

But then this House, the Senate, and President Obama pleasantly surprised me with a powerful first step towards SOX reform and relief. In April, President Obama signed, after it overwhelmingly passed this House and this subcommittee, the Jumpstart Our Business Startups (JOBS) Act.
Among other things, the JOBS Act creates a five-year "on-ramp" for firms going public that have market caps of less than $1 billion and annual revenues of less than $700 million in which they are exempt from the Sarbanes-Oxley internal control mandates, costly provisions of Dodd-Frank that specifically apply to public companies, and other burdensome regulations. And this provision, which went into effect immediately after the legislation was enacted, is already paying dividends to entrepreneurs, investors and the economy as a whole.
> View the full testimony

> Inteview John Berlau



Real Clear Markets: Let's Scrap the Fed's Open Market Committee

Central banking is central planning. Policymakers should acknowledge this and finally wind down the Federal Reserve System, in favor of a free market in currency and loanable funds. Until that occurs, our economy will remain exposed to the risk of monetary expansion and all the inflation, bubbles, asset misallocation, wealth destruction, and pain it creates. > Read the full commentary on Real Clear Markets

>Interview Luca Gattoni-Celli



Openmarket.org: Bloomberg Soda Ban Blocks Sale of Low-Calorie Drinks

As I’ve written before, Mayor Bloomberg’s big-soda ban is ill-conceived, unjust, invasive, and useless, among other things. As Seth Goldman, the CEO of Honest Tea pointed in out in a recent letter in The Wall Street Journal, it’s not just ineffective in addressing the nation’s rate of obesity–it’s actually counter-effective.  >Read the full commentary on Openmarket.org

>Interview Michelle Minton




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