From this Senate report:
Kerry Pushes SEC for Small Business Fix, Sarbanes-Oxley Extension Wednesday, April 18, 2007 WASHINGTON – Today Senator John Kerry (D-MA) called on the Securities Exchange Commission (SEC) to give small public companies additional time to comply with the upcoming changes to the Sarbanes-Oxley regulations. Kerry chaired the first congressional hearing of the 110th Congress addressing Sarbanes-Oxley and focused on the law's impact on small businesses. "Too many small public companies, who played by the rules, are expected to clean up the mess made by Enron and other rogue companies," said Kerry, Chairman of the Committee on Small Business and Entrepreneurship. "By all accounts, Sarbanes-Oxley has brought back accountability to corporate governance, auditing, and financial reporting for public companies. And we need to keep that law strong and effective. But we also need to help small businesses comply with Sarbanes-Oxley by providing them with appropriate regulatory relief and additional time. This will help create jobs and strengthen our capital markets."