House approves bill on SEC cost-benefit analysis

05/19/2013 | Reuters · Wall Street Journal, The

The House has voted 235-161 to rein in regulators crafting what some call burdensome rules for the financial industry. The measure would require a more extensive assessment of the cost of a rule, especially compared with its benefit. The legislation also would force the Securities and Exchange Commission to look at rules already adopted. The bill is unlikely to face a Senate vote.

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Reuters · Wall Street Journal, The

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