How much does the Congressional Review Act preclude follow-up regulation?
Most people probably never heard of the Congressional Review Act before now. This law — “CRA” to Beltway folks — is an obscure statute — previously used only once — that allows Congress to strike down an agency rule with an expedited procedure (no filibuster). The GOP is gleefully taking advantage of its control of the …CONTINUE READING
The Trump plan of deregulation and tax cuts has been tried. It didn’t work.
President-elect Trump has promised to unleash economic growth by cutting taxes and regulation. In terms of regulations, he has said: “One of the keys to unlocking growth is scaling-back years of disastrous regulations unilaterally imposed by our out-of-control bureaucracy. “Regulations have grown into a massive, job-killing industry – and the regulation industry is one business …CONTINUE READING
New York electricity regulators are working hard on “Reforming the Energy Vision”
It seems to be an undeniable part of human nature. When we consider making changes – whether it has to do with the place where we live, the business we are in, or the partner we choose – we tend to compare the flaws of the thing we know to the ideal version of the …CONTINUE READING
Some scholars like to suggest that there is a natural regulatory cycle: the perception of market failures leads to regulation, and the perception of regulatory failures leads to deregulation. While the 1990s were dominated by free trade agreements and economic deregulation, many political observers see greater acceptance of regulation now, in light of investor malfeasance …CONTINUE READING