The Senate Committee on Banking, Housing, and Urban Affairs is not often the subject of a million YouTube views. Senator Elizabeth Warren (D-MA), who ran for office promising change in Washington, may have delivered last week by helping the committee accomplish this feat. The trouble for Sen. Warren, and the committee meeting she hijacked, is … Continue reading
Category Archives: Regulation
The State of the Agencies: The Environmental Protection Agency and the Need for Reform
Tuesday night, with Speaker Boehner having seemingly mastered the art of the stoic expression, President Barack Obama delivered his first State of the Union address since winning reelection. This performance had been touted by the administration as the capstone, complimentary finish to a two-part series begun with the President’s Inaugural address. These speeches have draped … Continue reading
Taxing Your Soda and Pop
What are your thoughts about a federal tax on sugary drinks (ie. Soda, energy, and sports drinks)? The Field Poll, a non-partisan media-sponsored public opinion news service, found an interesting result in their survey of Californians’ views on the tax on sugary drinks. Approximately 40 percent of California residents voted in support of a soda … Continue reading
Sending Mixed Signals Across the Spectrum
Last week I stacked the Federal Communication Commission (FCC) alongside such descriptors as ‘curmudgeon,’ while analyzing the need for regulatory reform at the agency primarily responsible for overseeing digital and telecommunications in the United States. In a radical shift of the narrative, internet news outlets were a buzz this week with the surprise claim that … Continue reading
“Can you hear me now?” AT&T Carries the Voice of Reform to the FCC
Perhaps no one likes being told that the world has passed them by or that their sun may be setting. The Federal Communications Commission (FCC), at 78, has recently come under heavy criticism from those who have labeled the organization a curmudgeon that has failed to keep up with technology and is now in the … Continue reading
Now Batting for Dodd-Frank: The State Department steps in to help save the Resource Extraction Rule
Late last week a seldom heard voice echoed throughout the regulatory reform debate forum when the U.S. Department of State openly stood behind the controversial Securities and Exchange Commission (SEC) ‘Resource Extraction Rule.’ This rule, developed as part of the continuing cavalcade of Dodd-Frank initiatives, went into effect last August with the goal of requiring … Continue reading
A Snapshot of Independent Regulatory Agency Agendas for 2013
With the dust settled and the fallout well underway from early January’s fiscal deal to postpone sequestration, the economy’s market participants must also now turn a wary eye toward the agenda of the nation’s top independent regulatory agencies (IRAs). On January 4th Sam Batkins of the American Action Forum noted that initial estimates of the … Continue reading
On the Road to Clarity with New Lending Rule from Consumer Financial Protection Bureau
On Thursday, January 10, 2013, the Consumer Financial Protection Bureau (CFPB) issued one of its most anticipated rules, the Ability-to Repay Rule. This rule attempts to redress, at least in part, what led to the housing bubble and the resulting financial crisis by ensuring what Richard Cordray, the director of the CFPB, describes as “responsible … Continue reading
Salumi Sorrow: How Regulation Killed a Small Business
Il Mondo Vecchio is Italian for “The Old World.”For Mark DeNittis, the owner and purveyor of Il Mondo Vecchio Salumeria in Denver, Colorado, “The Old World” means making cured meats and sausages the right way – the way his Italian uncles made sausage and their uncles before them. DeNittis’ salumi is an anachronism – a … Continue reading
More Regulation is Not the Answer
In response to the deadly meningitis outbreak, attention has been cast on compounding pharmacies, as their product of steroid injections has produced 119 illnesses and 12 deaths. Compounding pharmacies are in business to provide specific prescriptions of drugs that are not available commercially. According to the FDA, these entities should only be mixing drugs on … Continue reading
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