Obama issues executive order on retrospective regulatory reviews, Fed approves first Chinese takeover of US bank, FDA urges lower radiation levels for child medical scans, and more.
- President Obama signed an executive order compelling agencies to report regularly on their efforts to scrutinize their current regulations. See related The Regulatory Review essay.
- Securities and Exchange Commission chair Mary Schapiro announced that federal financial regulators will be looking into JPMorgan Chase‘s estimated $2 billion trading loss. See related The Regulatory Review essay.
- The Obama Administration announced that federal agencies this week altered or removed five regulations yielding cost-savings of an estimated $6 billion.
- President Obama announced in an interview that he believes same-sex couples should be allowed to marry, marking the first time a U.S. president had publicly expressed support for gay marriage.
- Voters in North Carolina passed a constitutional amendment to ban same-sex marriage.
- A proposed regulation announced by the Department of Health of Human Services (HHS) would boost Medicaid payments for primary care doctors.
- Airlines asked the Federal Aviation Administration (FAA) to delay a fuel tank safety upgrade.
- The Federal Reserve System approved the first ever Chinese takeover of a US bank.
- The Commodity Futures Trading Commission (CFTC) announced it will seek assistance from the Office of Information and Regulatory Affairs (OIRA) to determine cost benefit analyses of their regulatory rules.
- California Governor Jerry Brown’s administration announced it will create regulations for “fracking”.
- The Food and Drug Administration (FDA) pushed for a lower dose of radiation when a child undergoes medical scan.
- The Securities and Exchange Commission (SEC) announced an enforcement action against Shanghai-based Deloitte Touche Tohmatsu CPA Ltd. for its alleged refusal to provide the agency with audit work papers.
- The U.S. Fish & Wildlife Service (USFWS) extended the comment period to rewrite eagle permit regulations. A draft regulation would allow businesses to apply for 30-year permits allowing them to kill bald eagles in the course of other legal activities.
- A federal district court judge heard arguments over whether to dismiss climate change lawsuit filed by California teenagers.
- An Atlantic article appeared that argues lenient pet food safety regulations can have adverse consequences for pet owners.
- Officials at Lufthansa criticized European and German politicians, saying that the continent’s aviation industry is considerably squeezed by regulations and levies.
- Environmental Protection Agency (EPA) scientist who warned of caustic dust from Ground Zero wins job back, after being fired.
