Week in Review

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New York City adopts soda ban, the UK plans to waive thousands of rules, and more.

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  • The New York City Board of Health approved a first-of-its-kind ban on the sale of large sodas and other sugary drinks at restaurants, movie theaters, and street vendors.
  • The European Commission President issued a call for more centralized European banking regulation.
  • The United Kingdom Business Secretary, Vince Cable, announced plans to cut more than 3,000 regulations on companies to try to reenergize the economy.
  • The Department of Justice (DOJ) filed petitions asking the Supreme Court to consider two additional challenges to the Defense of Marriage Act (DOMA).
  • The World Bank issued a report that reconsiders the role of state agencies in regulating and supporting the financial sector.
  • The Hedge Fund Association – which represents investors, hedge funds, and service providers – asked the Securities and Exchange Commission (SEC) to tell private fund managers what they will need to do to verify whether investors are accredited once a new rule allowing advertising of private funds is finalized.
  • According to a report released on Wednesday by the Carbon Disclosure Project, a British nonprofit group that gathers information for investors about the environmental policies of large companies, Global 500 corporations are still slow to act on climate change, although a separate report suggests that S&P 500 companies are making “significant strides.”
  • The Environmental Protection Agency (EPA) announced that a 30-day comment period on renewable fuel standard waiver requests had been extended 15 days.
  • The state of Texas is moving forward to set highway speed limits that are higher than 80 miles per hour on some roads. See related The Regulatory Review essay.