SEC’s Schapiro Faces Republicans Amid Probes of Agency Lapses

[SEC Chair Mary] Schapiro is scheduled to testify twice before Congress in the next two weeks as House Republicans sharpen their assault on President Barack Obama’s economic plan, arguing that excessive regulation is stifling job growth. A hearing today will consider plans to shutter some SEC offices and set new standards for evaluating the costs and benefits of the agency’s rules.

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