The Obama administration’s recent large-scale legislative initiatives, The Wall Street Reform and Consumer Protection Act (Dodd-Frank) and the Patient Protection and Affordable Care Act, have a significant theme in common. Both acts rely on unelected and unsupervised bodies to oversee and enact new laws — a trend that threatens both our political and our economic liberties. Our panelists will discuss the constitutionality of creating these new “super-legislative” bodies – the Consumer Financial Protection Bureau, Orderly Liquidation Authority, and the Independent Payment Advisory Board – and the implications for the rule of law. The panel will also discuss the possibility of reviving the “non-delegation” doctrine.
Featuring Holly Bell, Associate Professor (Business), University of Alaska Anchorage; and Hester Peirce, Senior Research Fellow, Mercatus Center; moderated by Louise C. Bennetts, Associate Director, Financial Regulation Studies, Cato Institute.
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In this issue of Regulation, Jonathan H. Adler and Nathaniel Stewart make the case for property-based fishery management, utilizing territorial or catch-share allocation among fishery participants. Also in this issue, Michael L. Wachter explores the relationship between the much-maligned National Labor Relations Act and the decline in union membership.
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