According to Floyd Norris's column in the New York Times column:
The House Financial Services Committee this week approved an amendment to the Investor Protection Act of 2009 — a name George Orwell would appreciate — to allow most companies to never comply with the law, and mandating a study to see whether it would be a good idea to exempt additional ones as well.
In a new series of blog posts over the next few months, I will document why Sarbanes-Oxley should be strengthened with added reforms to protect the integrity of our capital markets. For starters, please read a letter that I submitted to the SEC and PCAOB Roundtable on Internal Control Reporting Requirements in 2006.
Sam E. Antar (a convicted felon and former Crazy Eddie CFO)