What current news issue shows the impact of regulatory policy, and what regulatory agency is responsible?What current news issue shows the impact of regulatory policy, and what regulatory agency is...

What current news issue shows the impact of regulatory policy, and what regulatory agency is responsible?

What current news issue shows the impact of regulatory policy, and what regulatory agency is responsible?

Asked on by coolbhl

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brettd's profile pic

brettd | High School Teacher | (Level 2) Educator Emeritus

Posted on

Recently, there has been a spate of FDA-approved drugs that have been taken off the market after they caused serious health issues for a significant number of patients. Ads on TV all the time now have a law office telling people how they can see a drug company because of the adverse effect of a certain drugs. The Food and Drug Adminstration supposedly has rigid standards and testing requirements before it approves a drug for sale to the public, but the FDA is run by political appointees, just like the Environmental Protection Agency, FEMA and US Forest Service are, so in the end, these agencies seem to "regulate" to whatever degree the administration at the time wants them to.
litteacher8's profile pic

litteacher8 | High School Teacher | (Level 3) Distinguished Educator

Posted on

I think the rising energy costs are an example of a regulatory agency taking money from lobby groups to avoid the enforcing of laws or getting laws passed that will prevent people from paying outrageous energy costs. Gasoline and natural gas, and even electricity, should not be open to speculation.
kplhardison's profile pic

Karen P.L. Hardison | College Teacher | eNotes Employee

Posted on

The April 5, 2010 explosion of Upper Big Branch South Mine near the community Montcoal in West Virgina shows the impact of regulatory policy. The explosion was preceded by the detection of high levels of methane gas. A spark from a "mantrap" may have ignited the methane. The regulatory agency is the Mine Safety and Health Administration (MSHA).
Three regulatory issues are highlighted because of the catastrophe. The first is that policy implemented in the Obama White House is the same as that inherited from the George W. Bush White House and it imposes non-beneficial analytical and time burdens on MSHA.

The second is that a change of rule is needed to procedures for determining a charge against a mine for a "pattern of violations." Such a charge allows MSHA to shut a mine down. The third is that, following MSHA's investigation and report, new rules may need to be made to require mines to adopt new technology.

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