House Passes Bill To Ramp Up SEC Cost-Benefit Reviews

Law360, New York (May 17, 2013, 3:14 PM EDT) -- The U.S. House of Representatives on Friday passed legislation that would force the U.S. Securities and Exchange Commission to more closely analyze the costs and benefits of its regulations, following an acrimonious floor debate between Democrats and the law’s GOP sponsors.

The House passed H.R. 1062, the SEC Regulatory Accountability Act, by a vote of 235-161. The bill will direct the SEC to specify the problems that new rules seek to address, obtain an economic analysis on new rules from the agency’s chief economist and re-examine...
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