Study and Recommendations on Section 404(b) of SOX for Small Public Issuers

Study and Recommendations on Section 404(b) of the Sarbanes-Oxley Act of 2002 For Issuers With Public Float Between $75 and $250 Million

April 22, 2011

The SEC published a study it submitted to Congress, as required by the Dodd-Frank Act, regarding ways to reduce the burdens imposed by § 404(b) of the Sarbanes-Oxley Act on issuers with a public float between $75 and $250 million. The study sets forth two principal goals: (1) maintaining current investor protections of § 404(b) for accelerated filers; and (2) encouraging activities to improve the "effectiveness and efficiency" of § 404(b) implementation.

Cross References

Dodd-Frank § 989G(b)

Sarbanes-Oxley § 404(b)