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The Nixon Forum

®:
CRE's Regulatory Action
of the Week


The First Midnight Regulation
A rule that would "constitute a major increase in costs" for banks is set to become the Bush Administration’s first Midnight Regulation. Despite the financial crisis and the fact that the Unlawful Internet Gambling Enforcement Act (UIGEA) regulation violates numerous "good government" laws and the Administration’s own Midnight Regulation ban, the rule has been sent to the Federal Register. Moreover, the UIGEA rule is being promulgated despite allegations of serious improprieties by Administration officials.

The SBA’s Office of Advocacy has formally called for a revised small business impact analysis, a request that was rejected. The rule has also not complied with the Paperwork Reduction Act and the Executive Order 12866's requirements for "economically significant" regulatory actions. Also ignored is the White House’s Bolten memo prohibiting Midnight Regulation in all but exceptional circumstances.

The Washington Post reports that a recent NFL lobbyist "who now works at the White House is playing a controversial role in the Bush administration's last-minute effort to implement a ban on many forms of Internet gambling before the end of the president's term...." The article quotes industry officials who state that "the NFL's real motivation is to block any competition for lucrative ‘fantasy football’ gambling via the Internet, which was explicitly exempted from the 2006 ban." The House is seeking additional information on the White House’s role in bypassing regulatory review processes.

  • Click here to read Washington Post article

  • Click here to read Bolten Anti-Midnight Regulation Memo

  • Information Collection Request of the Week

  • Animal and Plant Inspection Service Reviews System For Tracing Contaminants
    The Animal and Plant Health Inspection Service (APHIS) is requesting information collection to create an effective, uniform, consistent, and efficient system that when fully implemented, will allow traces to be completed within 48 hours of detection of a disease, ensuring rapid containment of the disease.
  • ICR of the Week
  • ICR Archive

  • Recent Regulatory Developments

  • Federal Regulator Issues Safety Checks Boeing 737 Airliners Fuel Pumps
    The U.S. Federal Aviation Administration (FAA) has issued an emergency safety mandate to check fuel pumps on more than 560 Boeing Co 737 airliners flown by U.S. airlines, the agency confirmed on Wednesday.
  • Coal Mining Company Sues Regulators For Abusive Monitoring and Citations
    American Coal Co. accuses the Mine Safety and Health Administration of abusive monitoring and issuing citations according to quotas.
  • Regulators Allow Insurers To Buy Failing S&L's So To Cash In $700B Bailout
    Four of the world's biggest insurers may acquire small banks that regulators have cited for improper practices to improve their own chances of getting cash from the $700 billion U.S. government bailout fund.
  • Regulators Sue Internet Payday Lenders
    State and federal regulators are suing 10 related Internet payday lenders, including five with Nevada addresses, alleging they failed to disclose loan terms and illegally badgered people for sums far higher than amounts they borrowed.
  • Additional News (updated daily)


  • Updated Tuesday, Friday, Sunday

    Science Forum

  • EPA To Require Businesses To Reduce Water Run-off
    The US Environmental Protection Agency is requiring, for the first time, some big-box stores, malls, and other businesses to reduce the amount of rainwater that runs off their roofs and parking lots.
  • Additional News (updated daily)

    Updated Tuesday, Friday, Sunday
  • GAO POLICY STATEMENTS
    GAO Makes Recommendations On DHS Workforce Strategy
    A report released today by the Government Accountability Office makes several recommendations for how the Homeland Security Department could improve its efforts to build a more effective acquisition workforce. DHS obligates billions for goods and services every year. The GAO said DHS’ recruiting, hiring and training initiatives represented “positive steps toward building and effective acquisition workforce.”

  • Click to learn more.
  • Additional News


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