Week in Review

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The House unanimously passes a bill intended to reduce prescription drug prices, Twitter will ban all political advertising, and more…

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IN THE NEWS

WHAT WE’RE READING THIS WEEK

FLASHBACK FRIDAY

  • In an essay for The Regulatory Review, Professor Richard L. Revesz of the New York University School of Law criticized the de-regulatory narrative that regulatory action is undesirable as a policy matter and, if pursued at all, should require trial-like hearings. Revesz stated that regulatory actions are desirable and points to the net benefits of environmental regulations. In addition, Revesz argued that trial-like hearings result in limited regulatory action. When trials were used, he notes, “it took almost a decade to determine the relatively straightforward question of whether peanut butter should consist of 87.5 percent or 90 percent peanuts.”