With supporters touting it as an antidote to excessive, costly, and job-killing regulations, the U.S. House of Representatives on Friday approved a bill that imposes new cost-benefit analyses upon financial regulations.
Introduced by Rep. Scott Garrett (R-NJ), Chairman of the Financial Services Subcommittee on Capital Markets and Government-Sponsored Enterprises, H.R. 1062, the SEC Regulatory Accountability Act of 2013, levels a variety of pre-rulemaking demands on the SEC.
