# kaal:claim:2273857-035

**Claim.** The SEC's failure to interpret Section 402 of Sarbanes-Oxley, while not a formal retraction, shows that Section 402 is another instance of politically motivated rulemaking that later has to be scaled back.

**Type.** failure  **Support.** argued

**Holds when.**

- rules enacted under post-crisis political pressure

**Source quote.**

> While not a formal retraction, the SEC's lack of interpretation underscores that section 402 provides another instance of politically motivated rulemaking that later has to be scaled back.

**From.** Wulf A. Kaal, *Dynamic Regulation of the Financial Services Industry* (2013), II.2.b Contraction, page 18

**Cite as.** Wulf A. Kaal, Dynamic Regulation of the Financial Services Industry (2013). SSRN: https://ssrn.com/abstract=2273857

**Verify.** sha256 of source PDF `e7cb3dea40593135acc99a9b00690138fe01020514ebf388f5140e1b0e59e82a` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20-%202013%20-%20Dynamic%20Regulation%20of%20the%20Financial%20Services%20Industry.pdf

**Failure mode.** informal retraction of politically motivated rules  (family: enforcement-gap)

**Topics.** dynamic-regulation

**Keywords.** section-402, politically-motivated-rulemaking, rule-retraction, regulatory-sine-curve

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