Patt Morrison for May 11, 2010

Regulatory resurgence: Congress moves on regulating offshore oil drilling, auto industry & more

Mercer 7340

Yoshikaz Tsuno/AFP/Getty Images & Chris Graythen/Getty Images

Congress is moving to create more oversight in light of disasters such as the BP oil leak and Toyota's runaway cars

The attitude toward renewed regulatory vigilance in Congress isn’t necessarily new, being ushered in with the victory of Barack Obama in 2008 after years of regulation rollbacks under both the Clinton & Bush Administrations. But with two recent events, the devastating oil spill in the Gulf of Mexico and the high profile Toyota crashes linked to faulty braking system, Congress has the opportunity and will to move on new regulatory regimes that are designed to stop the next accident from happening. Even within the majority Democratic party, however, there are disagreements about how far and wide a new set or regulations should reach. David hosts two of the highest ranking Democrats in Congress on two particular sets of regulation proposals where there is still disagreement about the extent of power that should be granted to the federal government.

Guests:

Rep. Henry Waxman, D-30th District of California; Chairman of the House Energy & Commerce Committee

Rep. Bart Stupak, D-1st District of Michigan; Chairman of the Oversight & Investigations Subcommittee, party of the House Energy Committee


blog comments powered by Disqus