FL S1822

Urges Congress to repeal the Sarbanes-Oxley Act of 2002 (Pub. L. No. 107-204) and replace it with reasonable, non-intrusive investor protection measures.

States that compliance costs with the act's extensive provisions are unnecessary and crippling, with disproportionate impact on smaller businesses.

Contends that the act discourages American businesses from listing on domestic stock exchanges, instead driving them to less-regulated markets in England.

Argues the act represents federal government intrusion that violates free market principles and has cost the industrial sector billions of dollars.

Directs copies of the memorial be sent to the President, Senate President, House Speaker, and all members of Florida's Congressional delegation.