DELEGATED legislation, GOVERNMENT agencies, GOVERNMENT accountability, GOVERNMENT regulation, and STATUTORY interpretation
The article discusses how U.S. Congress can limit congressional delegation of legislative authority to administrative agencies and improve government accountability. Also cited are the appeal by Supreme Court chief justice John Roberts and justices Neil Gorsuch and Clarence Thomas for judicial enforcement to limit Congress' power to delegate legislative authority, and the use of temporary legislation to compel lawmakers to re-examine existing statutory frameworks.
MONETARY policy, PRICE inflation, and BANKING industry
The article authors offer insights into how the U.S. Federal Reserve in general can improve the conduct of monetary policy and avoid future crises. It mentions that a streamlined mandate from Congress, instructing the Federal Reserve to focus on stabilizing inflation around its self-declared target, would provide the strongest foundation for effective monetary policymaking. It also mentions that inflation-targeting mandate would make the Federal Reserve more accountable.
The article focuses on concerns regarding the lack of controls with regulatory authority granted by the U.S. Congress to new or expanded agencies such as the Environmental Protection Agency (EPA) and Occupational Safety and Health Administration (OSHA) as of March 2017. Topics discussed include the placement of regulatory review and its cost-benefit requirements in the Executive Office of the President and purpose of the U.S. Congress for creating the Congressional Budget Office (CBO).
GOVERNMENT regulation, GOVERNMENT policy, PRESIDENTS of the United States, and UNITED States -- Politics & government -- 2009-2017
The article reports on the carryover provision of the Congressional Review Act (CRA) adopted by the U.S. Congress. It states that the measure is a rational way for an outgoing president to cement as many domestic priorities as possible. The regulation allows an incoming Congress to overturn a rule enacted in the waning weeks of the departing president.
Regulation. Fall2018, Vol. 41 Issue 3, p2-4. 3p. 1 Black and White Photograph.
DEREGULATION, UNITED States, REPEAL of legislation, DODD-Frank Wall Street Reform & Consumer Protection Act, and CONGRESSIONAL Review Act, 1996 (U.S.)
The article focuses on the agenda of the U.S. president Donald Trump to deregulate the regulations implemented by the former president Barack Obama, during his administration. Topics include attempts to amend the 2010 Dodd-Frank Act, use of the Congressional Review Act (CRA) resolutions to rescind laws, and the support for CRAs from both Republicans and Democrats for legal amendments.
ACTIONS & defenses (Law), JUDGMENTS (Law), CHEVRON USA Inc. v. Natural Resources Defense Council Inc. (Supreme Court case), and AIR quality laws
The article discusses the decision of the U.S. Supreme Court to the court case Chevron v. Natural Resources Defense Council. It mentions that the U.S. Supreme Court plans to roll back the Chevron doctrine. It suggests that the Court should ground any changes of Chevron on the constitutional norm that the lawmakers elected by the governed. Among other things, it outlines some factors to consider on how to navigate controversies to restore congressional responsibility to the firmament.
TAX rates, GOVERNMENT policy, TAXATION, ECONOMIC development, ECONOMIC policy, UNITED States presidential election, 2012, and 2009-2017
The article discusses criticisms of a report issued by the U.S. Congressional Research Service (CRS) in 2012 suggesting that top marginal U.S. tax rates did not impact U.S. economic growth. According to the article, the U.S. media portrayed the report as a critique of then-Republican Party U.S. presidential nominee Mitt Romney's 2012 campaign proposal to cut the marginal tax rate and to support incumbent U.S. president Barack Obama's claim that increasing marginal tax rates would not harm the economy.
SOCIAL security, EMPLOYMENT of people with disabilities, DISABILITY insurance, and GOVERNMENT insurance
The article argues that the relative quiescence in the U.S. Congress about the need for reforming Social Security Disability Insurance (SSDI) is troubling. It notes that the SSDI suffers from several structural flaws, primarily its strong disincentives for workers with disabilities to remain employed. The article also suggests that SSDI reforms should prioritize reduction in future SSDI enrollments, and that the imminent financial crunch on SSDI urgently calls for structural reforms.
Regulation. Spring2013, Vol. 36 Issue 1, p46-54. 9p. 1 Black and White Photograph.
COMMITTEES, SOCIAL security, GOVERNMENT insurance, UNITED States. Congress, DISABILITIES, and JURISPRUDENCE
The article reports that hearings before the U.S. Congress committees portend deficit spending for Social Security disability benefits by 2016. It states that its is time for creative, meaningful change to restore the purpose of Social Security disability, and offers suggestions, including redefining disability, adjusting the age break points, and curtailing the fiction of sedentary and light disability. The article also recommends replacing the grids and changing the jurisprudence.
MERCHANTS, ADVERTISING, and TECHNOLOGICAL innovations
The article discusses the U interchange fee limit of the U.S. Congress proposed by Senator Richard Durbin. Durbin proposed a price-capping arrangement for debit card interchange fees without committee hearings. Merchants pay three types of fees, the first, to their own bank, the second, to the platform operator, and the third to the card-issuing bank for its services. According to the author, the inefficient funding structure will lead to cutbacks in system-wide advertisements, the growth in debit card use, and the introduction of new technologies.
States that the report of the United States (U.S.) Environmental Protection Agency (EPA) to the U.S. Congress illustrate the inadequacy of self-evaluation of federal regulatory programs. Truths behind EPA aggregate estimates of costs and benefits of the federal air pollution control program; Implication of the reductions estimated by EPA in particulate matter-related health effects of the air pollution control program.
PRICE regulation, CENTRAL banking industry, MONETARY policy, FEDERAL Reserve Act (U.S. : 1913), UNITED States, and HISTORY
The article discusses the history of the U.S. Federal Reserve (Fed) as of Summer 2014, the evolution of the Fed's mandate from the U.S. Congress and argues that Congress must clarify its mandate to the Fed concerning price stability. The author argues for the necessity of a central bank, discusses errors committed during the Fed's history, and examines the U.S. legislation the Federal Reserve Act of 1913. The article also discusses the leadership of former Fed chairman Paul Volcker, the Fed's impact on inflation and deflation, and the panel the U.S. Federal Open Market Committee (FOMC).
Discusses the accomplishments achieved by the 104th Congress in the United States. Changing procedures for making and administering regulations; Passing of Unfunded Mandates Reform Act which requires estimates on regulatory costs of new laws; Proposal requiring federal government to compensate owners for taking of private property trough legislation; Enabling of Congress to oversee regulatory agencies.
Discusses the effort of the U.S. government to intervene in 2002 after decades of allowing market forces to regulate the energy industry. Decision of the U.S. Congress to allow oil and gas companies to deduct gross revenues for corporate income tax purposes; Reason for public intervention in gas and oil markets; Concern over U.S. importation of foreign oil.
Presents updates on telecommunication regulations in the U.S. since 1977. Cost of telecommunication regulation; Development of a distorted rate structure by U.S. federal and state regulators to promote universal service; Enactment of 1996 Telecommunications Act by U.S. Congress.
DELEGATION of powers, MILITARY base closures, and LEGISLATIVE power
Examines the decision of the United States Congress (US) to delegate its legislative power to the Base Closure and Realignment Commission on matters pertaining to military bases closure. Political issues involved in the delegation of legislative power; Implication of the decision of the US Congress; Number of military bases closed by the US Department of Defense.
BANKING policy and REGULATION of financial institutions
Focuses on the effort of the United States Congress to reform the banking industry. Aim to modernize the financial institutions in the country; Discussion on the status of the commercial banks in the country; Analysis on the regulatory systems in the banking industry.
Evaluates the US Congress' performance in terms of its progress in passing measures on deregulation, since the Republican Party's acquisition of majority seats in the House of Representative. Status of planks on regulatory reform under the party's Contract With America; Major areas of reform.
Reports that the United States Congress established the Financing Corporation (FICO) in 1987 to finance a recapitalization of Federal Savings and Loan Insurance Corporation (FSLIC), which became insolvent. Background information on FICO; Amount of bonds issued by FICO to replenish FSLIC; Question as to who should support the FICO bonds.
VOTING research, LEGISLATIVE voting, and LEGISLATORS -- Salaries, etc.
The article examines the effect of tenure in office, the length of time until re-election, and the percentage of popular vote received, on the voting behavior of U.S. senators. A brief history of congressional pay is presented. Prior models of voting behavior included two categories of variables. They are constituency preferences and ideology. The model that the authors develop contains no measures of constituency interest because of the zero-sum nature of salary increases.