“Accurately described as “One of the Worst Ideas from Congress in Decades,” plans to advance the Independent Regulatory Analysis Act were this week delayed until November by the Senate Committee on Homeland Security and Governmental Affairs.

The bill would effectively shift authority for overseeing all independent regulatory agencies — including the Securities Exchange Commission, the Commodities Futures Trading Commission, and some 20 others — from Congress to the White House. The Office of Information and Regulatory Affairs (OIRA) would be empowered to use its version of cost-benefit analysis…” 

Read Alex Amend’s full article here