The Sarbanes-Oxley Act of 2002 (the "Act"), also called the Corporate Responsibility Act of 2002, became law on July 30, 2002. The Act is a combination of accounting, auditing, disclosure and corporate responsibility measures for public companies that are intended to address recent corporate scandals and evaporating investor confidence in U.S. capital markets. The Act's provisions apply to publicly owned companies and companies that have registered equity or debt under the Securities Exchange Act of 1934, as amended (the "Exchange Act").
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