The Securities and Exchange Commission is not rushing to issue new rules, despite a threat by the new Republican majority to make it tougher for regulators to tighten their oversight.
"We're operating in a normal fashion," said a senior SEC official who spoke on condition of anonymity. "We feel we review very carefully any costs or burdens imposed on entities," the official said.
As part of their election manifesto, House Republicans promised to pass a law making it much harder for government agencies to justify issuing new rules and regulations.
Three Republican senators already have introduced bills that would impose a ban on federal agencies from issuing new rules. And Sen. Christopher S. Bond, R-Mo., is heading a Senate task force that plans to examine the cost on industry of complying with federal regulations.
If Congress pass such a moratorium and President Clinton signs it, the ban would shut down the ability of federal agencies' ability to publish new rules and regulations for six months. However, the president is not expected to sign such legislation.