The Consumer Federation of America (CFA) opposes H.R. 1062, the “SEC Regulatory Accountability Act,” which is scheduled to come to the House floor for a vote tomorrow. H.R. 1062 is a regulatory “accountability” act only if you believe that the SEC’s primary accountability should be to the securities firms it is supposed to regulate rather than to the public it is supposed to protect. At a time when the agency is already years behind schedule in implementing rules to address root causes of the financial crisis, and months past key deadlines for JOBS Act implementation, this bill would further slow the already glacial regulatory process and further empower Wall Street interests to derail needed reforms.