Regulatory-reform legislation will add costly new regulations for banks and may force ratings agencies such as Moody's and Standard & Poor's to downgrade banks, according to a Wall Street journal editorial. The bill may also hurt smaller regional banks that are not considered too big to fail, and the newspaper expects some banks to fail. At the same time, more taxpayer rescue plans may be needed. "In other words, Washington is on track to add costly new rules that could make bank failures more likely, while ensuring that taxpayers continue to shoulder the costs of such failures. This is what no change looks like," the newspaper said.