Broader SEC Analyses Could Cost It $22M, CBO Says

Law360, New York (April 6, 2012, 10:04 PM EDT) -- The Congressional Budget Office predicted Thursday that the implementation of a proposed bill aimed at broadening the scope of cost-benefit analyses by the U.S. Securities Exchange Commission when issuing and amending regulation could cost the agency $22 million.

If enacted, H.R. 2308, known as the SEC Regulatory Accountability Act, would require the SEC to assess the significance of the problem a newly issued or amended regulation is designed to address, determine whether the estimated costs of the proposed regulation justify its estimated benefits and identify available...
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