By the time I finished doing regular practice, most of my work was in international regulatory law, so I was advising foreign governments about their responsibility and roles in things like public inquiries.
You don't want another Enron? Here's your law: If a company, can't explain, in one sentence, what it does... it's illegal.
In many respects, you can argue Dodd-Frank isn't even law. It's a license for unaccountable, un-elected officials to make law.
The U. S. Code of Federal Regulations is over 170 thousand ages long.
Dodd-Frank is a direct cause of the economic struggles millions of Americans continue to face today. The law provides so much regulation that it is a burden on the economy.
I had spent the prior eight years working at my firm primarily representing big chemical companies, helping them comply with all the different state and federal laws.
The do-not-call registry is still being challenged in court. Yet, the conclusions of the American people, the legislative branch, and the executive branch are beyond question.
That is, while we believe that cost-benefit analysis is an important tool to inform agency decision making, the results of the cost-benefit analysis do not trump existing law.
