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CU joins consumer advocates in opposing weakened investor protections

Amendment would hurt investors, undermine market competitiveness.

April 24, 2007

Dear Senator:

Vote NO on the DeMint Amendment
Amendment Would Hurt Investors, Undermine Market Competitiveness

We have heard reports that Sen. Jim DeMint (R-SC) may offer an amendment to S. 761, the America Competes Act that would make compliance with the internal control provisions of the Sarbanes-Oxley Act voluntary for the majority of public companies. If this ill-advised, antiinvestor amendment should come up for a vote, we urge you to oppose it. It would harm investors and undermine the competitiveness of U.S. capital markets.

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