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  • Issue Brief posted April 11, 2014 by Diane Katz U.S. Export–Import Bank: Corporate Welfare on the Backs of Taxpayers

    Congress will soon debate the fate of the U.S. Export–Import Bank (Ex–Im), which doles out financing to favored corporations and credit to foreign governments. Proponents claim that such taxpayer bankrolling creates jobs and fills “gaps” in private financing.[1] In fact, the bank is a conduit for corporate welfare beset by unreliable risk management, inefficiency, and…

  • Commentary posted April 3, 2014 by Diane Katz, James L. Gattuso Red tape rising: Five years of regulatory expansion

    In his State of the Union address earlier this year, President Obama vowed to wield his executive powers when faced with congressional resistance to his legislative agenda: "America does not stand still - and neither will I. So wherever and whenever I can take steps without legislation ... that's what I am going to do." This provocative declaration was startling in its…

  • Backgrounder posted March 26, 2014 by James L. Gattuso, Diane Katz Red Tape Rising: Five Years of Regulatory Expansion

    In his January 2014 State of the Union address, President Barack Obama vowed to wield his executive powers when faced with congressional resistance to his legislative agenda, stating: “America does not stand still—and neither will I. So wherever and whenever I can take steps without legislation … that’s what I am going to do.”[1] This provocative declaration was…

  • Commentary posted March 25, 2014 by Diane Katz EU's cheesy food fight stinks to high heaven

    The European Union (EU) regulates the curvature of cucumbers, the contour of radish “shoulders” and the arc of pea pods. We should not be surprised, then, by Brussels’ recent demand that American cheese makers refrain from labeling their products as “feta,” “mozzarella,” “parmesan” or any other appellation of European origin. One might reasonably wonder whether cheese…

  • Issue Brief posted March 19, 2014 by Diane Katz Clumsy Regulation Puts Insurance at Risk

    The Senate Banking Committee convened this week to examine recent moves by federal regulators against insurance companies. There exists considerable confusion on and off the Hill about Washington’s place in what has always been the states’ regulatory domain—confusion produced by lawmakers’ careless crafting of the Dodd–Frank statute. Absent a congressional fix,…

  • Issue Brief posted February 21, 2014 by Diane Katz No Retreat on Flood Insurance Reform

    The House is slated next week to decide whether taxpayers will continue to subsidize flood insurance for private property. The pending legislation would rescind reforms adopted in 2012 to stem the debt incurred by the government’s unworkable insurance scheme. But a variety of legislative alternatives exist that would assist flood-prone property owners without foisting the…

  • Commentary posted December 31, 2013 by Diane Katz Dodd-Frank Unleashes Predatory Mortgage Regulations

    The mortgage market will undergo radical change on Jan. 10, when virtually every aspect of home financing will be commandeered by the Consumer Financial Protection Bureau. The consequences of government overreach for creditors and borrowers will be all too predictable—more costly products and services, fewer options and, worst of all, the erosion of economic freedom. The…

  • Issue Brief posted December 31, 2013 by James L. Gattuso, Diane Katz The 10 Worst Regulations of 2013

    The year 2013 will be remembered for many things, not least the miles of red tape that were imposed on Americans. It has been a very busy year for regulators, who imposed new dictates on everything from the food people eat to the loans they obtain and the health insurance they buy (or lose). Which are the worst new rules? There are so many choices, and there is no…

  • Commentary posted December 23, 2013 by James L. Gattuso, Diane Katz The 10 worst regulations of 2013

    There are many things 2013 will be remembered for, not least the miles of red tape that were imposed on Americans. It has been a very busy year indeed for regulators, who imposed new dictates on everything from the food we eat to the loans we obtain and the health insurance we buy. Which are the worst? There are no objective standards to measure such things, but here is…

  • Backgrounder posted December 16, 2013 by Diane Katz Dodd–Frank Mortgage Rules Unleash Predatory Regulators

    Extensive new federal regulation of mortgage lenders and homebuyers is slated to kick in on January 10.[1] Virtually every aspect of financing a home—including mortgage options, eligibility standards, and even the structure and schedule of payments—will be governed by regulations peddled as preventing another collapse of the housing market. However, this new regime is…

  • Issue Brief posted November 18, 2013 by Diane Katz Yellen Hearing Exposes Fed’s Regulatory Fault Lines

    Janet Yellen, President Obama’s nominee to chair the Federal Reserve, told the Senate Banking Committee on November 14 that she is prepared to exercise a full range of regulatory “tools” to alter the actions of major financial institutions. Her remarks underscored the considerable expansion of the Fed’s regulatory powers under the Dodd–Frank law, as well as some of the…

  • Play Movie Obama and the Energy Industry: Katz on Fox Business Video Recorded on September 12, 2013 Obama and the Energy Industry: Katz on Fox Business

    Research Fellow Diane Katz discusses energy and the coal industry on Fox Business' 'The Willis Report'.…

  • Commentary posted July 30, 2013 by Diane Katz Damaging Dodd-Frank is Making Things Worse

    It’s been three years since the passage of Dodd-Frank, Washington’s response to the housing market collapse, the failure of major financial firms, and the resulting shock to the economy in 2008. Are Americans better off today because of it? Predictably enough, no. Dozens of rulemakings have been completed, but a backlog of hundreds more is prolonging regulatory…

  • Issue Brief posted July 19, 2013 by Diane Katz Dodd–Frank at Year Three: Onerous and Costly

    This Sunday, July 21, will mark the third anniversary of Dodd–Frank, Washington’s massive regulatory response to the housing market collapse, the failure of major financial firms, and the resulting shock to the economy in 2008. Although three years in, the full effects of Dodd–Frank have yet to hit. Some of the most significant regulations are still winding their way…

  • Issue Brief posted June 5, 2013 by Diane Katz The Cordray Confirmation: Five Crucial Points to Consider

    The Senate is preparing to vote on the confirmation of Richard Cordray as director of the Consumer Financial Protection Bureau (CFPB). This is no routine matter. The bureau is one of the most powerful—and least accountable—regulatory agencies in government. No vote should be cast without consideration of substantial reforms to the CFPB. Cordray has been running the bureau…