Tag:Regulation
Nuclear Waste Disposal: A Collective Failure but a Collective Opportunity
On Wednesday, March 5th, the Supreme Court heard oral arguments on two cases involving the licensing of private contractors for disposal of nuclear waste in Texas. The cases focused on two issues: (1) an administrative law question about a third party being able to challenge an agency ruling, and (2) whether the Nuclear Regulatory Commission (NRC) can issue licenses for private companies to operate temporary disposal sites. Ultimately, the holdings will not matter because the underlying problem remains the same. Due to a combination of government inaction and inefficiency, there are no permanent nuclear waste disposal sites in the US.
Executive Order 14216: What it Means for the Regulatory State
On February 18, 2025, President Donald Trump signed Executive Order 14216, titled “Ensuring Accountability for All Agencies,” mandating that independent federal agencies route their rules and new actions through the Office of Management and Budget (OMB). The order aims to enhance presidential oversight over agencies that traditionally operate with a degree of autonomy, like as the Federal Trade Commission (FTC), Securities and Exchange Commission (SEC), and Federal Communications Commission (FCC). The order signifies a substantial shift in the dynamics of the American regulatory state.
Chicago’s Low-Income Housing Trust Fund at a Crossroads: Leadership, Equity, and an Uncertain Future
On February 11, the Chicago City Council Committee on Housing and Real Estate delayed approval of the appointment of eight board members to oversee the city’s low-income housing trust fund. The vote was postponed due to concerns about the lack of Black representation on the board and among the appointees, particularly from the South and West sides. For decades, Chicago has grappled with the challenge of providing affordable housing to its poorest residents. The Chicago Low-Income Housing Trust Fund (“Trust Fund”), established in 1987, has been a crucial force in addressing this need. The Trust Fund was created through a City Council ordinance and supports low-income residents—those earning at or below 50% of the city’s median income—by funding rental subsidies and housing programs.
Major Regulatory Rollbacks Expected from Trump’s New SEC
With the return of the Trump Administration looming large, rumors of possible regulatory appointments are already swirling. One federal agency that will undoubtedly see major changes with the transition of power is the Securities and Exchange Commission (SEC), the authority responsible for regulating the securities market and protecting investors. With the shift in presidential administration coupled with significant GOP gains in the House and Senate, analysts have begun to speculate on how agency leadership and staffing changes will impact securities policy and rulemaking, and what the rest of the country can expect from the markets over the next four years.
No One Can Watch the Chicago Bulls! And Other Reasons Why the MLB, NBA, and NHL Need to Consider Nationalizing Their Media Rights.
Regional Sports Networks (RSNs) are the TV channels that show a sports team’s games in a local area. Due to a demand for sports by television viewers over the past few decades, RSNs created large revenues from local media rights deals (TV contracts) for professional sports leagues. This issue impacts several of the major professional leagues: the National Basketball Association (NBA), National Hockey League (NHL), and Major League Baseball (MLB). Currently, due to the trend of cord-cutting and a lack of regulation by the league offices, many fans are left without a viable way to watch their local teams, including much of the City of Chicago.
Chicago’s One System Initiative: Merging the Homelessness and Forced Migration Response Services
Since August 2022, Chicago has seen a record influx of new arrivals, with nearly 47,000 individuals seeking asylum in Illinois from the southern U.S. border. In response to this surge of new Chicagoans, the city and state launched the One System Initiative, an ambitious effort to integrate the systems serving Chicagoans experiencing homelessness and new arrivals. By aligning resources and streamlining services, the initiative aims to enhance the city’s overall homeless response system. Such integration must also comply with various federal, state, and local regulations concerning eligibility requirements, funding restrictions, and documentation demands.
Upcoming SEC Turmoil: What It Means for the Cryptocurrency Industry
The early October resignation of Gurbir Grewal, the Director of the Division of Enforcement at the U.S. Securities and Exchange Commission (SEC) sent ripples of (false) hope through the cryptocurrency industry. Grewal played a key role in shaping the SEC’s enforcement agenda; although his departure will likely not alter the SEC’s approach to digital assets, the upcoming election may affect the cryptocurrency industry’s interests.
$47 for the 47th Presidency: Musk Tests Super PAC Limits with Payouts for Swing State Voter Referrals
On October 7, 2024, Elon Musk’s pro-Trump Super PAC, America PAC, announced it would disburse $47 payments to residents of certain swing states who refer other swing state voters to sign a petition pledging support for the First and Second Amendments. Musk said on his social media platform, X, “ For every person you refer who is a swing state voter, you get $47! Easy money.” Eligibility is limited to registered voters in seven key battleground states: Arizona, Georgia, Michigan, Nevada, North Carolina, Pennsylvania, and Wisconsin. Musk’s goal is to reach 1 million signatures, which would amount to $47 million in payments to signatories.
Boeing’s Missteps Lead to Heavier Congressional Oversight
Boeing’s controversial history including the publicized suicide of one of its whistleblowers shortly before his deposition to TikTok videos of panels blowing off mid-air or planes catching fire have prompted public scrutiny. These events, mainly the latter, have raised also questions about Boeing’s compliance with Federal Aviation Administration (FAA) regulations the Department of Justice (DOJ) rulings. However, this is not the first time these concerns have come to light.
IRS & Treasury to Crack Down on Basis Shifting Among Complex Partnerships
On June 17, 2024, the Biden Administration issued a press release detailing plans to push forward a new multi-stage regulatory initiative targeting tax evasion among large business partnerships. The Internal Revenue Service (IRS) and U.S. Treasury Department will lead the charge to end abuses of a practice known as “basis shifting,” often used by complex partnerships to maximize deductions and consequentially minimize tax liability.