The Regulatory Week in Review: September 18, 2015
- In order to gain a deeper understanding of how people perceive and make use of federal programs, President Barack Obama issued an executive order directing executive departments and federal agencies to conduct and make use of behavioral science research.
- U.S. Senator Chuck Schumer reportedly announced that he planned to introduce an amendment to the FAA Reauthorization Bill that would mandate the use of geo-fencing technology on drones in order to restrict them from flying into certain prohibited areas.
- After bringing an action against Ukrainian investment banking firm Jaspen Capital Partners and its chief executive officer for allegedly trading on information from hacked news sources, the U.S. Securities and Exchange Commission (SEC) announced that the traders had agreed to pay a $30 million settlement.
- The U.S. Food and Drug Administration (FDA) issued orders to R.J. Reynolds Tobacco Company in which it mandated that the company halt the distribution and sale of four of its cigarette products because of its alleged failure to show that its current products are “substantially equivalent” to their corresponding “predicate” products (those products that were marketed as of February 2007) under the Food, Drug, and Cosmetic Act.