Pressure on the Securities and Exchange Commission to delay the internal control requirements of the Sarbanes-Oxley Act for most public companies was stepped up a notch late Thursday after the House of Representatives voted to extend small-business exemption through 2008 with a 267-154 vote.
Reps. Scott Garrett, R-N.J., and Tom Feeney, R-Fla., attached the amendment to the Finance Appropriations and Government Appropriations Act, 2008, which doles out money for financial services and general government activities for the fiscal year ending Sept. 30, 2008.
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