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Panel Recommends Easing Business Regulations

The Sarbanes-Oxley law of 2002 is making U.S. companies less competitive in global financial markets, and rules need to be changed, according to a new report by the bi-partisan Commission on the Regulation of U.S. Capital Markets in the 21st Century.

Robert Siegel talks with one of the commissioners, Mickey Kantor, to find out what the U.S. needs to do maintain its competitive edge. Kantor served as Trade Representative and Secretary of Commerce during the Clinton Administration. The commission was organized by the U.S. Chamber of Commerce.

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