Senate Bill Would Boost Dodd-Frank Cost-Benefit Analyses

Law360, New York (March 5, 2013, 2:53 PM EST) -- A top Senate Republican on Tuesday unveiled two bills aimed at "streamlining" the implementation of the Dodd-Frank Act, including legislation that would stiffen cost-benefit analysis requirements for financial regulators and create a panel of the agencies' chief economists to review rules.

Sen. Richard Shelby, R-Ala., the former ranking Republican on the Senate Banking Committee said the two bills he introduced were intended to ease the burden of the 2010 financial regulatory overhaul on businesses and make rules easier to understand. Along with the bill on cost-benefit...
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