Jon Roland is a candidate for nomination by the Texas Libertarian Party for the U.S. Senate from Texas to replace Sen. Kay Bailey Hutchison, in the general election November 6 , 2012. The Libertarian Party does not have a primary, but nominates candidates at its state convention in June, 2012.

Repeal of Sarbanes–Oxley Act

Repeal of Sarbanes–Oxley Act

113th Congress

1st Session

S. ____

To retroactively repeal certain unconstitutional legislation concerning securities and other matters.

IN THE UNITED STATES SENATE

January 25, 2013

Mr. ROLAND of Texas introduced the following bill; which was referred to the Commerce Committee.

A BILL

To repeal the Sarbanes-Oxley Act, P.L. 107-204.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the 'Repeal of Sarbanes-Oxley Act'.

SEC. 2. FINDINGS AND AUTHORITY.

1. The Congress finds that the Sarbanes-Oxley Act, P.L. 107-204, was and is unconstitutional.

2. The authority for this act is the United States Constitution, Article I, Section 1.

SEC. 3. ENACTMENT AND REPEALS.

The Sarbanes-Oxley Act, P.L. 107-204, is hereby repealed retroactively.

SEC. 4. REMEDIATION.

Persons injured by the repealed act while it was enacted shall be entitled to just compensation therefor, upon adjudication in the United States Court of Claims, or other court of competent jurisdiction.

END.

 

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