The House is likely to vote Friday on legislation that would require the Securities and Exchange Commission to conduct a cost-benefit analysis of any new regulations, a move Democrats see as a bid to weaken financial reform.

Rep. Scott Garrett, R-N.J. introduced H.R. 1062, the SEC Regulatory Accountability Act of 2013, in March to help prevent overregulation that would stifle potential business growth. The bill would make  the SEC explicitly subject to President Obama’s 2011 Executive Order that reads in part: “each agency is directed to use the best available techniques to quantify anticipated present and future benefits and costs as accurately as possible.”

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