WASHINGTON--(BUSINESS WIRE)--The biotechnology industry, hard-hit by the complex and burdensome regulations imposed by Section 404 of the Sarbanes-Oxley Act of 2002 (SOX), supports Congressional legislation that aims to alleviate some of the law’s most onerous compliance provisions. In letters sent this week to Representative Gregory Meeks (D-NY) and Senator Jim DeMint (R-SC), sponsors of the “Compete Act of 2007,” BIO President & CEO Jim Greenwood lauded the bill as an important first step toward making needed modifications.
