The Regulatory Week in Review: November 27, 2015
IN THE NEWS
- Responding to concerns about possible national security threats during the holiday weekend, President Obama stated during a press conference that his administration “know[s] of no specific and credible intelligence indicating a plot on the homeland”—a point that U.S. Department of Homeland Security (DHS) Secretary Jeh Johnson later echoed, reportedly explaining that the agency was “working overtime” to keep the country safe this weekend.
- In response to mounting calls for tightened enforcement measures over drones, a Federal Aviation Administration-chartered task force released its final report detailing its recommendations for a mandatory registration process, which would govern both recreational and commercial drone operators.
- The U.S. Food and Drug Administration (FDA) started accepting comments on its draft guidance, which provides labeling recommendations for companies interested in indicating if their food is made with or without genetically engineered salmon—recommendations that the FDA created after approving salmon as the first genetically engineered animal found safe for eating.
- The Board of Governors of the Federal Reserve System introduced changes to its large bank supervision processes, including new standards that outline what documents must be furnished after a supervision and policies to address employee disagreement on supervision decisions, in response to Senate hearings that reportedly revealed “that the agency has been captured by the Wall Street firms it supervises.”
WHAT WE’RE READING THIS WEEK
- Stateline writer Sophie Quinton examined the various methods that states and cities use to regulate ride-hailing companies, such as Uber and Lyft. In the article, Quinton argued that the ride-hailing companies’ frequent changes to their services are one factor that makes it more difficult for cities and states to regulate the industry.