Bill on tallying up regulation costs wins U.S. financial industry backing

By Lisa Lambert and Sarah N. Lynch
WASHINGTON (Reuters) – Financial lobbyists on Tuesday applauded a bill in the U.S. House of Representatives that would require the Securities and Exchange Commission to review the costs of rules before putting them into force, which is part of a broader push from Republicans to reform regulation.
The legislation, introduced by Missouri Republican Ann Wagner, the newly minted chair of the financial services oversight subcommittee, is expected to go to the