February 18, 2011
How To Delay Dodd-Frank: The GOP Turns To The APA
Posted by David Zaring

I'm finding the letter from Republican members of Congress to the Treasury Secretary, and its attention to the procedural niceties of Dodd-Frank implementation to be a testament to the ubiquity of administrative procedure:

"We are concerned that regulators are not allowing adequate time for meaningful public comment on their proposed rules," said the letter, which was addressed to Treasury Secretary Timothy Geithner and the heads of the Fed and market and banking regulators.

"We also believe that regulators are not conducting rigorous analyses of the costs and benefits of their rules and the effects those rules could have on the economy," said the letter, signed by the Republicans on the Senate Banking Committee, which oversees the implementation of Dodd-Frank.

The letter was dated February 15 and sent the same week Republicans on the committee voiced concerns about short public comment periods and the quality of cost-benefit analyses.

Hat Tip: Securities Mosaic.

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