CEI Today: Phony Freddie/Fannie reform delayed, regulation report, Supreme Court on right of contract, and Obama's transportation bill

Wedmesday, April 30, 2014
In the News Today




The Hill: Beware phony Freddie/Fannie ‘reform’

The “reform” [bill] of the government-sponsored housing enterprises, Fannie Mae and Freddie Mac, introduced by the Senators Tim Johnson, D-S.D., and Mike Crapo, R-Idaho...was set to be marked up Apr. 29, but was delayed after opposition garnered from many quarters.

A letter last week by coordinated by the Competitive Enterprise Institute and signed by 26 conservative and free-market groups declares that Johnson-Crapo "does not constitute real reform,” but an expansion of the type of government intervention that fueled the housing crisis in the first place. 
> Read more

> Interview John Berlau



Federal Regulations Take $1.8 Trillion Bite Out of Economy

This week, CEI released its annual Ten Thousand Commandments report on the size and scope of federal regulations. Federal regulations took a $1.863 trillion bite out of the U.S. economy in 2013. > View the report

Wall Street Journal: Regulator Without Peer - By at least one measure, Obama surpasses all of his predecessors.


Investor's Business Daily: U.S. Regulatory Costs Are World's No. 10 Economy

Fox News: Obama's record-setting expansion of federal regulations


Washington Examiner: Average U.S. household spends more on federal regulations than for health care, food or transportation

> Interview Wayne Crews

> Follow Wayne Crews on Twitter



Openmarket.org: Kings, Contracts, and the Rule of Law: Republic of Argentina v. NML Capital

Last Monday, April 21, the Supreme Court heard argument in a major case involving issues at the core of the rule of law, sovereign immunity, and the right of contract. The case, Republic of Argentina v. NML Capital, involves Argentina’s attempt to avoid liability for its 2001 default on billions of dollars in foreign debt.

Argentina has made clear its intention to defy any monetary judgment of an American court in this matter, even though the bond agreement expressly provided that disputes would be resolved under the laws of New York.
> Read more

> Interview Sam Kazman



The good news is the Obama administration is proposing an end to the Interstate tolling prohibition, allowing states the flexibility to reconstruct their own segments using the best available techniques and technologies.

On the downside, the White House proposes yet another bailout of the Highway Trust Fund, violating the long-standing user-pays/user-benefits principle in a way that merely kicks the fiscal can down the road.

> Interview Marc Scribner




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 ourwebsite, cei.org, and blogs, Globalwarming.org and OpenMarket.org.  Follow CEI on Twitter! Twitter.com/ceidotorg.


CEI Podcast for April 29, 2014: Ten Thousand Commandments

The 2014 edition of Ten Thousand Commandments: An Annual Snapshot of the Federal Regulatory State is out now. Author Wayne Crews discusses the study, the need for government transparency, and the urgency of reform.


Saturdays, 10am ET


In the latest podcast, guests Michael Greeley and Esther Dyson discuss health, wellness and markets!