The Regulatory Review (Penn)

The Regulatory Review (Penn)

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Independent academic publication covering regulatory policy, including banking/fintech, consumer protection, and prudential issues.

Multiracial Democracy and Civil Rights Enforcement
NewsApr 19, 2026

Multiracial Democracy and Civil Rights Enforcement

Columbia Law professor Olatunde Johnson argues that a true multiracial democracy depends on robust civil‑rights enforcement through administrative agencies. She highlights how statutes such as the Fair Housing Act’s AFFH provision and Title VI of the Civil Rights Act were designed...

By The Regulatory Review (Penn)
K-Pop’s Global Rise Tests Labor Protections
NewsApr 18, 2026

K-Pop’s Global Rise Tests Labor Protections

South Korea’s K‑pop industry, now a multibillion‑dollar global export, is confronting intensified scrutiny over its labor practices. New standard contracts that took effect on Jan 1 2026 aim to improve profit‑sharing transparency, mental‑health safeguards, and protections for minor trainees. Yet agencies continue...

By The Regulatory Review (Penn)
Week in Review
NewsApr 17, 2026

Week in Review

A New York jury found Live Nation and Ticketmaster liable for antitrust violations, determining they overcharged concertgoers by $1.72 per ticket at major venues. Maine’s legislature approved an 18‑month ban on large data centers, the first such statewide prohibition, while...

By The Regulatory Review (Penn)
Uncovering Hidden AI in Commercial Artwork
NewsApr 16, 2026

Uncovering Hidden AI in Commercial Artwork

Artificial intelligence is increasingly used to create commercial artwork, yet producers often hide this fact. Professor Jacob Noti-Victor argues that financial incentives and current copyright rules encourage non‑disclosure, depriving consumers of informed choices. He documents the ethical and market harms...

By The Regulatory Review (Penn)
Protecting U.S. Research From Foreign Influence
NewsApr 14, 2026

Protecting U.S. Research From Foreign Influence

The U.S. government has intensified rules to protect federally funded research from foreign influence, especially programs linked to China. Beginning with a 2021 Trump presidential memorandum, both Trump and Biden administrations mandated disclosures of foreign ties, cybersecurity safeguards, travel‑security protocols,...

By The Regulatory Review (Penn)
A Closer Look at U.S. Electricity Rate Trends
NewsApr 13, 2026

A Closer Look at U.S. Electricity Rate Trends

A new Charles River Associates report, using five years of EIA and FERC data, shows that national retail electricity price growth is driven largely by outliers in California and the Northeast. While those regions experienced sharp spikes—California due to $40 billion...

By The Regulatory Review (Penn)
The Right to Eat in Prison
NewsApr 11, 2026

The Right to Eat in Prison

A recent Justice Department inspection of six federal prisons uncovered mold, insect infestations, broken freezers and unsecured knives, highlighting severe food‑service deficiencies. Because Congress has never set specific nutritional standards, the Federal Bureau of Prisons relies on internal manuals and...

By The Regulatory Review (Penn)
A Postcard From Abroad on Regulatory Simplification
NewsApr 9, 2026

A Postcard From Abroad on Regulatory Simplification

The OECD’s 2025 “Simplifying for Success” symposium revealed that despite widespread adoption of regulatory impact analysis and new simplification measures, businesses across 28 member states still report higher compliance costs, frequent rule changes, and poor inter‑agency coordination. Governments have introduced...

By The Regulatory Review (Penn)
Fixing the Nuts-and-Bolts of the Economy
NewsApr 8, 2026

Fixing the Nuts-and-Bolts of the Economy

The article highlights the impact of micro‑level process reforms, using India's voluntary company liquidation overhaul as a case study. By mapping and streamlining administrative steps, the average closure time dropped from 499 days in 2021‑22 to just 60 days by...

By The Regulatory Review (Penn)
Regulatory Simplification as a Strategic Priority
NewsApr 7, 2026

Regulatory Simplification as a Strategic Priority

Italy faces a massive regulatory burden, with businesses spending roughly $63‑$88 billion annually on paperwork and delays costing the economy about $247 billion each year. In 2025 the government approved a sweeping simplification law that repealed 30,709 obsolete statutes—about 28% of the...

By The Regulatory Review (Penn)
Regulatory Simplification Around the Globe
NewsApr 6, 2026

Regulatory Simplification Around the Globe

The OECD’s "Simplifying for Success" symposium highlighted that 90% of surveyed businesses and 72% of government leaders view regulation as excessively burdensome. Participants cited layered rules and rapid tech change as drivers of complexity. Countries such as Argentina and Italy...

By The Regulatory Review (Penn)
The Evolution of Environmental Regulation
NewsApr 5, 2026

The Evolution of Environmental Regulation

In an interview with The Regulatory Review, Georgetown law professor Lisa Heinzerling examined the legal architecture shaping U.S. climate policy, from the 2007 Supreme Court ruling that affirmed the EPA’s authority to regulate greenhouse gases under the Clean Air Act...

By The Regulatory Review (Penn)
Week in Review
NewsApr 3, 2026

Week in Review

This week saw a flurry of federal actions spanning environmental, election and consumer‑protection policy. The Endangered Species Committee granted Gulf of Mexico oil producers an exemption from the Endangered Species Act, while President Trump issued an executive order tightening absentee‑ballot...

By The Regulatory Review (Penn)
Regulating Payment of Participant Data in Clinical Trials
NewsApr 1, 2026

Regulating Payment of Participant Data in Clinical Trials

A team of scholars led by Steve Calandrillo proposes that FDA and IRBs adopt fair‑market‑value (FMV) payments for the data participants generate in clinical trials. Currently, participants receive modest compensation—about $4,000 per year—solely for trial involvement, not for the valuable...

By The Regulatory Review (Penn)
Effective AI Oversight Through Proof Drills
NewsMar 31, 2026

Effective AI Oversight Through Proof Drills

Effective AI oversight now hinges on the ability to reconstruct a single AI‑influenced decision with verifiable records. The EU AI Act makes automatic event logging a compliance prerequisite for high‑risk systems, but merely having policies is insufficient. A "proof drill"—a...

By The Regulatory Review (Penn)
Managing Uncertainty in Benefit-Cost Analysis
NewsMar 30, 2026

Managing Uncertainty in Benefit-Cost Analysis

Since the Reagan era, federal agencies have relied on benefit‑cost analysis to justify regulations, but a 2025 OMB report shows that over a third of major non‑transfer rules still lack quantified costs or benefits. Scholars argue this gap fuels both...

By The Regulatory Review (Penn)
Rescheduling Cannabis Under the Controlled Substances Act
NewsMar 28, 2026

Rescheduling Cannabis Under the Controlled Substances Act

President Donald J. Trump issued an executive order directing the Attorney General to initiate rulemaking that would move marijuana from Schedule I to Schedule III under the Controlled Substances Act. The order follows a 2023 recommendation from the Department of Health and...

By The Regulatory Review (Penn)
A Year at the Justice Department’s Antitrust Division
NewsMar 25, 2026

A Year at the Justice Department’s Antitrust Division

In its 2025 fiscal year, the DOJ Antitrust Division pursued a series of high‑profile actions that reshaped competition policy. The division secured settlements in the RealPage and Constellation‑Calpine cases, forced Google to share search data, and readied a Live Nation‑Ticketmaster...

By The Regulatory Review (Penn)
Administrative Law and AI’s Overconfidence
NewsMar 23, 2026

Administrative Law and AI’s Overconfidence

The article warns that large language models like ChatGPT often deliver confident, plausible‑sounding answers that can be factually wrong, likening them to overconfident taxi drivers. It explains that under the Administrative Procedure Act, courts will reject agency actions that rely...

By The Regulatory Review (Penn)
Evaluating the Impact of Federal Student Loan Policy
NewsMar 21, 2026

Evaluating the Impact of Federal Student Loan Policy

Federal student loan debt now exceeds $1.8 trillion, with one in six U.S. adults carrying balances and a 10 % delinquency rate projected for 2025. The Trump administration’s One Big Beautiful Bill Act will cap borrowing amounts and eliminate the Grad PLUS program, effectively ending the...

By The Regulatory Review (Penn)
Week in Review
NewsMar 20, 2026

Week in Review

This week’s federal actions spanned health, environment and constitutional law. A U.S. District Judge halted the CDC’s plan to cut child vaccine recommendations, deeming the process arbitrary, while another judge struck down Arkansas’s Ten Commandments classroom display law as a...

By The Regulatory Review (Penn)
Regulating City Finances
NewsMar 19, 2026

Regulating City Finances

Michael Francus proposes that states create a regulatory framework for city finances that prioritizes stable revenue sources and limits debt, mirroring the safeguards used by counties. He highlights county practices such as reliance on property taxes, state aid, debt caps,...

By The Regulatory Review (Penn)
Bitcoin’s Political Orphanhood
NewsMar 18, 2026

Bitcoin’s Political Orphanhood

The 2025 GENIUS Act created a federal framework for dollar‑pegged stablecoins, granting them regulatory approval and a clear compliance perimeter. By requiring licensed issuers and 1:1 reserve backing, the law effectively excluded Bitcoin from the U.S. payment infrastructure. On‑chain data...

By The Regulatory Review (Penn)
Stress-Testing Proposals to Add Autism to the VICP
NewsMar 17, 2026

Stress-Testing Proposals to Add Autism to the VICP

U.S. Health and Human Services Secretary Robert F. Kennedy Jr. is steering a push to expand the National Vaccine Injury Compensation Program (VICP) to cover autism spectrum disorder claims. Recent actions include a proposal to amend the VICP Injury Table,...

By The Regulatory Review (Penn)
The Three Great Lies About Climate Change
NewsMar 16, 2026

The Three Great Lies About Climate Change

The article debunks three common myths about climate change: that it is not happening, that mitigation is quick, easy and cheap, and that the National Environmental Policy Act (NEPA) is the primary barrier to essential infrastructure projects. It cites recent...

By The Regulatory Review (Penn)
Week in Review
NewsMar 13, 2026

Week in Review

The week saw a surge of lawsuits targeting the Trump administration, including Anthropic’s dual suits over alleged unlawful sanctions, Liberty Justice Center’s challenge to a new 10% global tariff, and the DNC’s FOIA suit against multiple federal agencies. Courts also...

By The Regulatory Review (Penn)
Tearing Down the Paper Ceiling
NewsMar 12, 2026

Tearing Down the Paper Ceiling

AI-driven skill assessments could replace degree requirements, offering faster, merit‑based hiring. The article proposes a Department of Labor challenge to create portable, job‑specific AI tests for high‑demand roles. Successful tools would lower hiring costs, improve labor mobility, and reduce reliance...

By The Regulatory Review (Penn)
The EU’s Transformative Short-Term Rental Regulation
NewsMar 11, 2026

The EU’s Transformative Short-Term Rental Regulation

The EU Short‑Term Rental Regulation (EUSTRR) takes effect in May, creating a unified registration system and mandatory data‑sharing protocol for an estimated four million short‑term rental units across all 27 member states. While substantive rules such as caps or quotas...

By The Regulatory Review (Penn)
The Paradoxes of the European Union’s AI Regulation
NewsMar 10, 2026

The Paradoxes of the European Union’s AI Regulation

The European Union’s AI Act adopts a rights‑driven, human‑centric regulatory model, aiming to protect fundamental rights while curbing the power of large tech firms. Critics argue the EU has used regulation as a substitute for a coherent AI investment strategy,...

By The Regulatory Review (Penn)
Regulating AI Washing
NewsMar 7, 2026

Regulating AI Washing

Federal regulators, led by the SEC, are cracking down on “AI washing,” where firms exaggerate or falsify AI capabilities in investor communications. Recent enforcement actions cite violations of the Securities Act of 1933, the Exchange Act of 1934, and Rule 10b‑5...

By The Regulatory Review (Penn)
Starving the Watchdog
NewsFeb 25, 2026

Starving the Watchdog

Congress has stripped more than $40 billion of IRS funding authorized by the Inflation Reduction Act, threatening the agency’s capacity to combat cross‑border financial crime. IRS Criminal Investigation referrals fell to a 40‑year low in FY2024, and its special‑agent force has...

By The Regulatory Review (Penn)
Revisiting the Nature of Regulation
NewsFeb 10, 2026

Revisiting the Nature of Regulation

The article argues that regulator‑regulatee agreements are not merely a peripheral tool but the dominant paradigm shaping modern regulation. Across sectors—from automobile safety to artificial intelligence and data‑privacy settlements—agreements precede, accompany, or replace traditional command‑and‑control rules. This perspective blurs the...

By The Regulatory Review (Penn)