washington u.s. senate could soon approve major overhaul federal bureaucracy make last change regulation environment education bank areas wednesday senate committee send bill full chamber supporters say make regulators accountable lawmakers provide great understand rule affect economy next step debate bill senate floor schedule house representatives approve companion legislation january critics say bill regulatory accountability act create many new requirements would paralyze regulators work establish even basic rule standards also say make cut industry bank cost high priority protect public health safety decades political party starkly divide regulation republicans currently win battle lessen red tape say tie business hurt economy republicans also say former president barack obama democrat push regulators go beyond duties execute laws pass congress create policy democrats say regulation touch nearly every part american life shield average people health financial threats need accomplish goals set laws senate bill would require cost-benefit analyse give court white house great check rulemaking classify regulations potential economic impact lengthen rulemaking process one progressive group public citizen estimate would add 53 step major rulemaking possibly double average amount time take finalize regulation currently four years bill pit powerful business group chamber commerce progressive ones natural resources defense council senator heidi heitkamp break rank fellow democrats write accountability act indicate members party may support bill closely-divided senate vote also senator claire mccaskill democrat work alternative legislation party could find palatable could keep bill measure since republicans sweep congress white house november elections move swiftly regulation use congressional review act lawmakers kill 14 obama-era regulations span three months trump efforts yield mix result order cut two exist regulations every new one stall legal challenge meanwhile environmental protection agency jam thousands pleas maintain regulations ask public comment trump order look repeal rewrite current rule comment period close monday senate tee 'accountability act regulation fight intensify