that is republican speak for "we're goining to be able to use insider trading out in the open now"
House Majority Leader Eric Cantor (R-Va.) said Friday that the chamber would take up consideration of legislation to create new restrictions on the parameters of regulations imposed by the Securities and Exchange Commission (SEC).Penned by Rep. Scott Garrett (R-N.J.), the SEC Regulatory Accountability Act would require the agency to conduct cost-benefit analyses on any new rules to ensure that the intended results of added regulations are not outweighed by the expense of implementing them.“Businesses must know that any rulemaking stemming from Washington bureaucrats will help them produce more jobs and not more red tape,” Cantor (R-Va.) said in a memo to House Republicans announcing the May legislative agenda.
anybody want to buy the spear Ahab plunged into Moby Dick it's cheap and really not true like the above paragraph, but justas ridiculous.
Currently, most agencies are expected incorporate such analyses when developing major rules, which then come under review at the White House Office of Management and Budget (OMB). But rulemaking at the SEC and other so-called independent agencies is exempt from OMB review.The Garrett bill, introduced in March, comes as the SEC and other financial regulators are writing scores of new rules required by the Dodd-Frank Wall Street reform law. The measure has attracted 15 co-sponsors.In addition to measuring the costs and benefits of proposed rules, the SEC would be tasked with analyzing other options, "including the alternative of not regulating," Garrett said upon introducing the bill.
ahh, now we get to the core of the deception,
"including the alternative of not regulating,"
