Frank open to Sarbanes-Oxley changes  
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Frank open to Sarbanes-Oxley changes

Marketwatch

The chairman of the House Financial Services Committee said Wednesday he's open to changing parts of the Sarbanes-Oxley Act, which requires costly accounting checks and has been roundly criticized by businesses.
If there are needed changes, Rep. Barney Frank said in a speech before the U.S. Chamber of Commerce, "we can go forward with that" in Congress.Addressing a conference about capital markets and competitiveness, Frank, D-Mass., also said U.S. businesses should stop suing each other so much to combat complaints about heavy litigation in America.Frank also said lawmakers would mull federal charters for the accounting and insurance industries.

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