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  • Dodd-Frank: Dismal Findings on Rulemaking

    Two recent reports document anew the failure of federal agencies to meet the extensive rulemaking requirements of the Dodd–Frank statute. The regulatory backlog highlights how unworkable the law is for both bureaucrats and businesses. As of February 1, a total of 63 percent of the rulemaking deadlines have been missed, … More

    Tales of the Red Tape #39: Swapping Wealth Creation for Regulatory Claptrap

    Not many people know the meaning of “swap” (as in a financial hedge, not flea market). Only the most sophisticated investors actually understand the complexities of buffering risk by exchanging cash flows. Under Dodd–Frank, however, federal regulators have been tasked with assuming control of this market, in which hundreds of … More

    Tales of the Red Tape #38: OSHA Advances Worker Risk—and Not Much Else

    If the Occupational Health and Safety Administration (OSHA) regulated its own doings in the manner it does private business, the agency’s doors would surely be shuttered. So lousy is its record of accrediting workplace safety examiners that some applicants have waited 10 years for their paperwork to be processed. It’s … More

    CFPB Servicing Rules Are Excessive and Unauthorized

    The Consumer Financial Protection Bureau (CFPB) has imposed yet more regulation on the mortgage market, as required by the Dodd–Frank statute. The latest set of requirements and restrictions focuses on mortgage servicers, those who are hired by lenders to collect payments and manage other administrative aspects of home loans. Bureau … More

    Morning Bell: The 10 Worst Regulations of 2012

    It seems that no aspect of American life can escape government regulation. In the past year, regulators drafted rules that addressed everything from caloric intake to dishwasher efficiency. Most of these rules increase the cost of living, others hinder job creation, and many erode freedom. Not all regulations are unwarranted, … More

    Thankless Regulations an Affront to Pilgrims

    After 66 days of turbulent sailing across the Atlantic, the Pilgrims were understandably eager to touch land at Plymouth Rock. But before allowing themselves to alight, they gathered to sign the “Mayflower Compact,” by which they pledged to “combine ourselves together into a civil body politic, for our better ordering … More

    Morning Bell: Administration Ignores Law, Delays Exposing New Regulations

    After three years of hyper-regulation, the Obama Administration has noticeably slowed its rulemaking in recent months. A variety of major rules have been parked in prolonged “review” by the White House, while the regulatory agenda required by statute has failed to materialize—twice. This flouting of the law is disturbing enough, … More

    Tales of the Red Tape #37: NLRB Wrongs Property Rights

    One might reasonably assume that a legal corporation on American soil—in this case, Marriott—would have the right to decide when and where off-duty employees can access its property. You know, land of the free and all that. Well, think again. The National Labor Relations Board (NLRB) last month actually invalidated … More

    Tales of the Red Tape #36: USDA Lays a Regulatory Egg

    The Obama Administration fervently opposes state laws requiring voter identification to cast a ballot. But it is insisting that the nation’s farmers prove the identity of every chicken transported across state lines. Under the fowl rule proposed by the U.S. Department of Agriculture (USDA), a flock that has been hatched, … More

    The Second Coming of Cap and Trade?

    The Obama Administration, at this sensitive time, is playing down its expansive regulatory agenda, but some insiders are predicting a new onslaught of costly rules—including the imposition of cap-and-trade schemes on industry. Although Congress rejected cap-and-trade legislation in 2009, the Environmental Protection Agency (EPA) remains intent on effectively rationing the … More