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JAMES L. GATTUSO AND DIANE KATZ, HERITAGE FOUNDATION During its first five years, the Obama Administration aggressively exploited regulation to get its way. Issuing 157 new major rules at a cost to Americans approaching $73 billion annually, this Administration is very likely the most regulatory in U.S. history. And there...
DIANE KATZ, HERITAGE FOUNDATION Congress will soon debate the fate of the U.S. Export–Import Bank (Ex–Im), which doles out financing to favored corporations and credit to foreign governments. Proponents claim that such taxpayer bankrolling creates jobs and fills “gaps” in private financing. In fact, the bank is a conduit for...
JAMES L. GATTUSO, DIANE KATZ, HERITAGE FOUNDATION Abstract The Obama Administration is aggressively exploiting regulation to achieve its policy agenda, issuing 157 new major rules at a cost to Americans approaching $73 billion annually. In 2013 alone, the Administration imposed 26 new major rules. Although slightly below President Obama’s first-term...
DIANE KATZ, HERITAGE FOUNDATION Abstract Radical new regulation of mortgage financing will take effect on January 10, 2014. Washington’s hastily crafted response to the financial crisis is built on the belief that the housing bubble and subsequent crash were the fault of unscrupulous mortgage lenders who took advantage of naive,...
DIANE KATZ AND JAMES L. GATTUSO, HERITAGE FOUNDATION During 2012, virtually every aspect of American life, from caloric intake to dishwasher efficiency, was subjected to government meddling. Most of these rules increase the cost of living, others hinder job creation, and many erode freedom. Not all regulations are unwarranted, of course,...
DIANE KATZ, HERITAGE FOUNDATION 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...
Diane Katz, Heritage Foundation In an important victory for free enterprise, a unanimous panel of the U.S. Court of Appeals for the D.C. Circuit has struck down the regulatory hijacking of corporate board elections. Authorized by the Dodd–Frank statute, the so-called proxy access rule crafted by the Securities and Exchange...
Diane Katz, Heritage Foundation At the behest of Congress, the Department of Energy (DOE) has “invested” several years and considerable tax dollars in devising restrictions on the amount of electricity it takes to run virtually every household appliance. Alas, a regulator’s work is never done. Having...
Tales of the Red Tape # 8 Diane Katz, Heritage Foundation Lest anyone tell you that the phase-out of (non-toxic) incandescent light bulbs will be hassle-free (other than hugely expensive), here is the directive from the Environmental Protection Agency for ridding your home of toxic vapor in the event you or a...