There's a bill in Congress to reduce the regulatory burdens for public companies that have less than $1bn in revenues and/or have been public for less than five years. The name is too long so I call it the "sub $1bn IPO bill."
This is a good bill. This undoes some of the bad stuff done to smaller public companies in Sarbox.
It should become law. I hope it will.
Here are some blog posts on this topic.