Regulation University

Regulation University

Regulation University is a series of educational programs designed for congressional staff to provide the skills and information essential to regulatory oversight and to understand the legal and institutional framework that produces and supports federal regulation.

Research

Sherzod Abdukadirov | Jul 17, 2012
Administrations face fewer political constraints during the midnight period and, thus, take the opportunity to impose their policy preferences. These rushed, politically motivated regulations have poor quality analysis and face less stringent oversight from OIRA. Stemming the surge of midnight regulations requires comprehensive reform to constrain agencies’ ability to issue too many regulations and improve OIRA’s ability to oversee regulatory quality during the midnight period.
Randall Lutter | Apr 18, 2012
There are many obstacles to better regulatory measurement, analysis and review. But major setbacks include the agencies’ lack of impartiality in reviewing their existing regulations, an inappropriately narrow focus, and a failure to promote steps to better measure the actual benefits vs. the costs of regulations.
Eli Dourado, Jerry Brito | Mar 06, 2012
Like gardens, the Internet developed without government intervention. Unnecessary regulation could break down the norms and practices that caused the Internet flourish in the first place.
James Broughel, Jerry Ellig | Feb 21, 2012
This Mercatus on Policy shows how regulatory process reforms should require agencies to thoroughly analyze alternatives and publish that analysis for public comment before they propose a regulation.
Thomas Stratmann, J. W. Verret | Jan 17, 2012
The Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 gave the U.S. Securities and Exchange Commission (SEC) the authority to adopt a proxy access rule. Though the legislation urged an exemption for companies with less than $75 million in market capitalization, the SEC unexpectedly failed to provide a permanent exemption from the rule for those companies. This paper finds that, for the roughly 900 publicly traded companies studied with under $75 million in market capitalization, the proxy access rule caused on the order of $335 million in shareholder losses.
Christopher J. Conover, Jerry Ellig | Jan 09, 2012
This Mercatus on Policy catalogs the main deficiencies of the regulatory analysis for the ACA regulations and compares them to other economically significant regulations proposed in 2008 and 2009.

Testimony & Comments

Speeches & Presentations

Videos

Todd Zywicki | April 17, 2014
The Mercatus Center at George Mason University continues its "Future of Finance" series of events with a timely event focused on the regulation of consumer credit products. http://mercatus.org/events/consumer-protection-and-cfpb-what-are-consequences-consumers With the creation of the Consumer Financial Protection Bureau (CFPB), consumers face a brand new regulatory regime that will play an instrumental role in determining the availability of that credit. While the agency's mission is to protect consumers as they purchase and use financial products, its unique structure has raised concerns about the potential unintended consequences of regulating consumer credit.
Jerry Ellig | April 10, 2014
The regulatory process consists of many stages, but the essential first step is answering the question "what's the problem?" A thorough regulatory impact analysis should provide evidence that the regulation addresses a significant, systemic problem and trace that problem back to its root cause. A cursory or faulty analysis of the problem prevents regulators from devising an effective solution and considering realistic alternatives.
Patrick McLaughlin | February 28, 2014
Government spending may be slowing but regulatory output is not. The number of regulations passed the one million mark in 2010, and their volume continues to rise. What does the continuing growth of so many rules mean for the U.S. economy and individual industries? http://mercatus.org/events/consequences-regulation-accumulation…
Henry Butler J. W. Verret, Jerry Brito, Henry Butler | May 01, 2012
This panel addresses regulatory issues in three major policy areas: Technology -- Is regulation necessary to ensure cybersecurity? What should we know about market responses to cyber threats before we select a course of action? Health Care -- What is the market failure in health care? What roles do the federal and state governments have in finding solutions? Financial Markets -- When does federal pre-emption produce bad outcomes in financial regulation? How to recognize a regulatory failure and what to do about it.

Podcasts

, Sam Batkins | May 02, 2014
Identifying and navigating the regulatory maze applicable to the production of goods, the provision of services, the use of property, and numerous other activities is a daunting task even for the most experienced legal professional. At the federal level, presidents from Carter to Obama have issued executive orders directing agencies to review their regulatory stock in order to eliminate duplicate, obsolete and burdensome rules. What do the results from decades of such efforts tell us?
Ted Gayer, Todd Zywicki | March 11, 2014
How Regulations Can Create Problems: An Examination of Misdirected "Nudge"
Sherzod Abdukadirov | January 29, 2014
What distinguishes an expert from the rest is not what one already knows, but one’s effort to discover the unknown. That’s what makes the scientific method indispensable to cutting edge researchers.
Hester Peirce | November 06, 2013
Money market fund reform remains one of the most prominent unsettled issues in financial markets regulation after the 2008 crisis. The Securities and Exchange Commission’s most recent effort which aims at balancing reforms with a desire to preserve the major benefits of money market funds has not achieved that objective. The Mercatus Center at George Mason University invites you to join Hester Peirce and Robert Greene for a Regulation University program that examines the need for money market fund reform, identifies potential problems with the SEC’s proposal, and offers recommendations for meaningful reform.

Upcoming Events

Recent Events

Patrick McLaughlin | July 29, 2014
The Mercatus Center at George Mason University invites you to a Regulation University program that introduces an enhanced research tool for quantifying federal regulation.
Hester Peirce | June 17, 2014
The failure of American International Group Inc. was one of the main narratives from the financial crisis, prompting the push for greater financial market regulation and the adoption of Dodd-Frank. But what if the generally accepted account—that AIG’s supposedly unregulated derivatives activities sank the company—doesn’t actually tell the full story?
| May 02, 2014
Please join the Mercatus Center at George Mason University and Sam Batkins, Director of Regulatory Policy, American Action Forum for a Regulation University program.

Experts

The Honorable Maurice McTigue, QSO, is vice-president for outreach at the Mercatus Center at George Mason University. He is director of the Mercatus Center’s Government Accountability Project and a member of its Spending and Budget Initiative and State and Local Policy Project.
Jerry Ellig is a senior research fellow at the Mercatus Center at George Mason University and a former assistant professor of economics at George Mason University. He specializes in the federal regulatory process, economic regulation, and telecommunications regulation.
Jerry Brito was a senior research fellow at the Mercatus Center at George Mason University and director of its Technology Policy Program. He also serves as an adjunct professor of law at George Mason University. His research focuses on technology and Internet policy, copyright, and the regulatory process.
Todd Zywicki is a senior scholar and senior fellow with the F. A. Hayek Program for Advanced Study in Philosophy, Politics, and Economics at the Mercatus Center at George Mason University and Foundation Professor of Law at George Mason University School of Law. He specializes in bankruptcy, contracts, commercial law, business associations, law and economics, and public choice and the law.

Books

' '