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. FSI President and CEO Dale Brown last week submitted a letter to Congress saying passage of the bill would "ensure only necessary and economically viable rules are promulgated."

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