A committee of the United States Chamber of Commerce on Monday proposed a series of steps to ease the regulatory burdens for U.S. companies. The panel's report, which noted a "substantial decrease" in the number of initial public offerings in the U.S., called for the Sarbanes-Oxley Act of 2002 to be folded into the 1934 law that created the Securities and Exchange Commission and urged companies to stop giving quarterly earnings guidance. On Tuesday, Treasury Secretary Henry Paulson will hold a public discussion on how U.S. capital markets can maintain their edge.
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