Congress
ORG
Congress
Unless Congress intervenes, microcap companies, those with a market value of $75 million or less, will join bigger companies in adhering to the most burdensome parts of the Sarbanes-Oxley Act. But the Sarbanes-Oxley Act, passed by Congress in 2002 after the Enron, Tyco and WorldCom accounting scandals, is becoming a blueprint for how private companies, nonprofit groups and even municipal governments can demonstrate the soundness of their financials.