The SEC Regulatory Accountability Act could reach the House floor as soon as Wednesday for what would likely be approval by the chamber’s Republican majority.
Written by Rep. Ann Wagner, R-Mo., the measure would increase the cost-benefit analysis requirements for SEC regulations.
Such a step would make it more difficult for the SEC to promulgate a regulation, such as one that would raise investment advice standards for retail accounts.
via House bills would put brakes on SEC, other regulators — InvestmentNews
