CEI Today: JOBS Act success, California regulators, and property rights in fisheries


H.R. 1909 — Unfinished Free-Market Business to Lift Barriers to Lending

They said it couldn’t be done. That Congress couldn’t pass a bipartisan bill in an election year to help the economy. Particularly one that lessens the burdens of government on consumers and entrepreneurs. The parties’ ideological positions were just too different. And besides, no one had an interest in the other side getting credit for a legislative accomplishment as campaign season was approaching.

Yet Congress and President Obama proved them wrong last month when both houses passed and Obama signed the Jumpstart Our Business Startups (JOBS) Act, which broadens exemptions for small and young firm from some of the most onerous regulations from the Sarbanes-Oxley and Dodd-Frank financial acts. As I noted last week here and in the Daily Caller, the JOBS Act is already paying dividends as there has been a noticeable uptick in smaller firms raising capital through initial public offerings.  > Read the full comment on Openmarket.org

> Interview John Berlau



Openmarket.org: Techno-Phobic California Politicians “NHTSA” Google’s Driverless Car


Last week, I wrote about Google’s amazing new self-driving car, which CEI General Counsel Sam Kazman and I had the opportunity to test-ride in downtown Washington, D.C. The potential for this technology is huge, and it will likely revolutionize the way we think about travel, in addition to dramatically improving congestion, air quality, and auto safety.

But leave it to California to be a wet blanket of over-regulation and techno-pessimism. Late yesterday, California’s Senate unanimously passed a bill that greatly restricts certain advanced testing of driverless vehicles, particularly when it comes to the promising functions of on-demand driverless ride-shares or taxis. > Read the full commentary on Openmarket.org


> Interview Marc Scribner




CEI.org: Give a Man a Fish,The Case For a Property Rights Approach to Fisheries Management


Some policy makers and environmental advocacy groups are beginning to realize that the solution lies not in further government regulation, but in investing fishermen with property rights. However, government bureaucrats are also attempting to utilize this insight to gain even more power over fisheries, threatening to derail the momentum toward a more rational allocation of ocean resources. That would be bad news for both fish populations and the people who depend on them for their livelihood.  > Read the report on CEI.org and blog post at Openmarket.org

> Interview Iain Murray or Roger Abbott



Ten Thousand Commandments 2012

An Annual Snapshot of the Federal Regulatory State
May 15, 2012

The scope of federal government spending and deficits is sobering. Yet the government’s reach extends well beyond the taxes Washington collects and its deficit spending and borrowing. Federal environmental, safety and health, and economic regulations cost hundreds of billions—perhaps trillions—of dollars every year over and above the costs of the official federal outlays that dominate the policy debate.

CEI is a non-profit, non-partisan public policy group dedicated to the principles of free enterprise and limited government.  For more information about CEI, please visit our website, cei.org, and blogs, Globalwarming.org and OpenMarket.org.  Follow CEI on Twitter! Twitter.com/ceidotorg.