A surprise attempt to let small companies opt out of the 2002 Sarbanes-Oxley Act was shot down on the Senate floor Tuesday, an overwhelming show of support in Congress for the much-maligned law.
By a 62-35 vote, the Senate set aside an amendment that would make compliance with the most controversial and costly provision of the Sarbanes-Oxley law, �404, optional for companies with total market value of less than $700 million.
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