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The Regulatory Week in Review: March 30, 2012

  • President Obama encouraged Congress to end oil tax subsidies, but the Senate failed to approve a procedural vote that would allow legislation to remove such subsidies to move forward.
  • House Democrats and Republicans united in their opposition to President Obama’s 2013 proposed budget, which failed with 414 votes against and zero in favor.
  • European Union lawmakers voted to regulate over-the-counter derivatives as part of an overhaul of financial-market rules.
  • A beef company announced it would cut production of product from meat scraps that critics call “pink slime,” a decision that may lead to higher hamburger prices this spring.