Regulatory recess appointments, pipeline safety legislation, foreign investment rules, and much more.
- President Obama made a recess appointment of Richard Cordray to serve as director of the Consumer Financial Protection Bureau.
- The U.S. Court of Appeals for the District of Columbia Circuit ordered that the Environmental Protection Agency (EPA) delay implementation of its cross-state air pollution regulation until the court can consider legal challenges.
- President Obama signed the Pipeline Safety, Regulatory Certainty, and Job Creation Act giving the Department of Transportation (DoT) additional authority and responsibility for regulating pipeline operators.
- The Securities and Exchange Commission (SEC) charged an Illinois-based investment adviser with allegedly using social media sites such as LinkedIn to lure investors by offering billions in fake securities. See related The Regulatory Review essay.
- The Director of the National Center for Environmental Health at the Centers for Disease Control and Prevention (CDC) said the U.S. should study further whether hydraulic fracturing used to free natural gas from wells is a hazard to people or food sources. See related The Regulatory Review essay.
- President Obama made three recess appointments of members of the National Labor Relations Board (NLRB).
- India eased rules on foreign investment, allowing qualified investors from outside India to contribute up to 10% in total of an Indian company’s capital.
- China set new competition Internet regulations that the government intends will help safeguard the interests of both Internet users and companies.