Obama admin supports restraint on Sarbanes Oxley

The Obama administration support for limiting the Sarbanes Oxley requirements for small business is wonderful news. As apparently promoted by Rahm Emanuel, this would eliminate huge costs from small businesses and encourage risk taking which is fundmamental to new enterprises. Sarbanes Oxley requires that CEO's and CFO's take criminal liability for a company's performance, a boon for the trial lawyers, but for small tech companies, biotech companies, nano companies, etc. this is a disincentive to being a U.S. based company.