Regulatory Policy
Regulatory safeguards play a vital role in protecting us from hazards and ensuring that companies that pollute, make unsafe products, and create workplace hazards bear the cost of cleaning up their messes and preventing injuries and deaths. Still, the regulatory system is far from perfect: Rules take too long to develop; enforcement is often feeble; and political pressure from regulated industries has led to weak safeguards.
These systemic problems are made all the more severe by the determination of the Trump administration to undercut sensible safeguards across virtually all aspects of federal regulation. Moreover, the President and his team have taken aim at the the process by which such safeguards are developed, aiming to take a system already slanted in favor of industry profit at the expense of health, safety and the environment, and make it even less protective. For example, where critics of the use of cost-benefit analysis see a system that understates the value of safeguards and overstates the cost of implementing them -- making it difficult to adopt needed protections -- the Trump administration seeks simply to ignore benefits of safeguards, pretending they do not exist. The result is a regulatory system that fails to enforce landmark laws like the Clean Air Act, Clean Water Act and more.
CPR exposes and opposes efforts by opponents of sensible safeguards to undermine the regulatory system, fighting back against knee-jerk opposition to environmental, health, and safety protections. Below, see what CPR Members Scholars and staff have had to say in reports, testimony, op-eds and more. Use the search box to narrow the list.
Enron's Collapse 20 Years Later -- Lessons Not Learned
In December 2001, the wunderkind energy company Enron collapsed spectacularly, destroying $67 billion in assets held by mutual funds, retirees and individual stock investors. Some commentary 20 years later has focused on how Enron heralded the first of companies making money by “disruption"—even as some of this disruption also led to negative impacts on society. There is no doubt that, like Facebook, even Enron’s legitimate money-making enterprises had some negative spillovers as a side effect of wealth creation by innovation. But the problem isn’t with the idea of seeking innovation or testing disruptive ways of doing things; the problem is that government regulators, then and now, have been starved of their ability to effectively channel market forces and private innovation to wealth creation while avoiding negative externalities. Truly supporting the private sector, innovation, and wealth creation, requires more government regulation, not less.
