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The Boston Globe

Business

House OK’s bill for wider SEC analyses

WASHINGTON — Legislation cleared the House on Friday that would place stricter requirements on the federal agency overseeing Wall Street to assess the costs and benefits of its regulations before they are issued.

The bill passed on a 235-to-161 vote mostly on party lines. It was the latest salvo against the Securities and Exchange Commission by House Republicans, who opposed the 2010 financial overhaul legislation expanding the SEC’s powers and have resisted increasing its budget. Congress enacted the regulatory overhaul in response to the 2008 financial crisis with an eye to preventing another meltdown.

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