Cost-Benefit Bill Frees Industry by Tying SEC Down
By Carmen Germaine
Jan. 13, 2017
The [SEC Regulatory Accountability Act] passed Thursday in the U.S. House of Representatives requiring the U.S. Securities and Exchange Commission to perform a cost-benefit analysis on regulation could help the agency “drain the swamp” of burdensome regulation, experts said, but may bog SEC staff down in regulatory review and expensive litigation at the cost of investor protection.
“Not only do the additional requirements give the SEC an opportunity to stub their toe, I think it might also generate a more robust record that would give challengers to the SEC more ammunition,” Colombo said.
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