Proposed Legislation Would Add Scrutiny of Wall Street Regulators
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In October, a Senate committee approved a regulatory bill by Senator Susan Collins of Maine, and others. Lawmakers could introduce the package, on reviews for new regulations, in the coming weeks. CreditJabin Botsford/The New York Times
WASHINGTON — A congressional effort to put regulators under the microscope when they write new rules for Wall Street is gaining momentum, potentially creating new obstacles to the closer oversight of financial risk taking.
A bipartisan group of senators is working on a package of regulatory reform bills that most likely would include a measure to subject the Consumer Financial Protection Bureau, the Securities and Exchange Commission and other independent agencies to a heightened cost-benefit analysis and review process for major rules, according to people briefed on the plans…
Proposed Legislation Would Add Scrutiny of Wall Street Regulators
