[rhizome]

They have to knowingly and intentionally lie to the federal government in an annual report

So it's a nonstarter, since the people being prosecuted for these things will have lawyers adept at whittling down intent to only the most brazen and malicious behavior. Not only that, but Sarbanes-Oxley showed us how effective "annual report" red lines are.

[thrmsforbfast]

Perhaps. But that's not a compelling argument against this bill. Perfect enemy of better and all that.

[rhizome]

I agree that the nirvana fallacy is implicated, but there were zero convictions under SarbOx, zero prosecutions even.