Regulators may be pressed to assess the cost of new rules

Rep. Michael Conaway, R-Texas, is expected to introduce legislation today that would require regulatory agencies to assess and justify costs associated with rules they are writing as required by the Dodd-Frank Act. Under Conaway's bill, the Commodity Futures Trading Commission would have to show how its new rules would affect market liquidity, for example. Republican lawmakers previously raised concerns with the Securities and Exchange Commission about the economic effects of a universal fiduciary standard for retail-investment advisers.

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