1. Short title This Act may be cited as the SEC Regulatory Accountability Act . 2. Consideration by the Securities and Exchange Commission of the costs and benefits of its regulations and certain other agency actions Section 23 of the Securities Exchange Act of 1934 ( 15 U.S.C. 78w ) is amended by adding at the end the following: (e) Consideration of costs and benefits (1) In general Before issuing a regulation under the securities laws, as defined in section 3(a), the Commission shall— (A) clearly identify the nature and source of the problem that the proposed regulation is designed to address, as well as assess the significance of that problem, to enable assessment of whether any new regulation is warranted; (B) utilize the Chief Economist to assess the costs and benefits, both qualitative and quantitative, of the intended regulation and propose or adopt a regulation only on a reasoned determination that the benefits of the intended regulation justify the costs of the regulation; (C) identify and assess available alternatives to the regulation that were considered, including modification of an existing regulation, together with an explanation of why the regulation meets the regulatory objectives more effectively than the alternatives