Mallory Factor
Mallory Factor
Mallory Factoris an American professor, author and FOX News Channel contributor. With his wife, he is co-author of Shadowbossesand Big Tent: The Story of the Conservative Revolution--As Told by the Thinkers and Doers Who Made It Happen. He teaches at The Citadel, The Military College of South Carolina...
NationalityAmerican
ProfessionAuthor
CountryUnited States of America
Mallory Factor quotes about
absolutely access act affects barriers burdens clear companies compliance cost denying discourage effect high hinder imposed needed negative outweigh public raise recent reduced rochester smaller staggering stock study total trillion university value
With a recent University of Rochester study concluding that the total effect of Sarbanes-Oxley has reduced the stock value of American companies by a staggering $1.4 trillion dollars, it is now clear that the costly regulatory burdens imposed by this legislation absolutely outweigh its benefits. The PCAOB and the Sarbanes-Oxley Act raise unconstitutional barriers to needed liquidity, discourage entrepreneurship and innovation, and hinder U.S. competitiveness by denying access to needed capital. Further, the high cost of compliance that disproportionately affects smaller public companies is having long-term, exponential negative implications for our economy.
absolutely access act affects barriers burdens clear companies compliance cost denying discourage high hinder imposed needed negative outweigh public raise smaller
It is now clear that the costly regulatory burdens imposed by this legislation absolutely outweigh its benefits. The PCAOB and the Sarbanes-Oxley Act raise unconstitutional barriers to needed liquidity, discourage entrepreneurship and innovation, and hinder U.S. competitiveness by denying access to needed capital. Further, the high cost of compliance that disproportionately affects smaller public companies is having long-term, exponential negative implications for our economy.