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The enactment of the Federal Rules of Civil Procedure (FRCP) on Dec. 1, 2006 has been the catalyst for renewed emphasis on document retention. Of course, so have the post-Katrina multi-million dollar lawsuits that, in part, have become costly — both in terms of embarrassment as well as money — because of improperly stored documents. The renewed zest in retention practices can also be attributed to the Enron debacle; the Arthur Andersen trial (beware the perils of document destruction); and the inception of acts such as the Health Insurance Portability and Accountability Act of 1996, the Sarbanes/Oxley Act of 2002, and the Gramm Leach Bliley Act (GLBA) of 1999.

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