We’ve sourced some of the most interesting and thought-provoking Regulatory Quotes from Gina Miller, Andrew R. Wheeler, Mike Lee, Ron Crumpton, Ma Jun. Each of the following quotes is overflowing with creativity, and knowledge.
My day job, running a fund management company, means I know that I and my team can’t afford not to read every word of every document about assets or markets we propose to invest in, and to be absolutely clear we are complying with all the legal and regulatory requirements involved.
When President Trump took office, he immediately began a process to remove and replace undue regulatory burdens that stifle American innovation and economic development.
We’ve got tax and regulatory policies in this country that are driving a lot of businesses overseas, and so I think there’s a lot that we can do using principles of constitutionally limited government to help address people who share these concerns.
In reality, Senator Shelby’s Financial Regulatory Improvement Act is nothing more than a wish list for the Wall Street bankers that fund his campaign.
Regulatory failings mean that the cost of breaking the law is far below that of obeying it – businesses are happier to pay fines than to control pollution.
Regulatory creep usually starts with calls for ‘regulatory parity.’ The mantra will be, if you are going to impose certain regulations, then it is only fair to stick it to all market participants equally.
From zoning to labor to food safety to insurance, local food systems daily face a phalanx of regulatory hurdles designed and implemented to police industrial food models but which prejudicially wipe out the antidote: appropriate scaled local food systems.
Many people do not understand that business investment is a critical prosperity-booster, leading to more jobs, higher wages, and stronger family income. Put another way, rising tax and regulatory burdens that penalize investors and businesses also punish middle-income wage earners.
Every new rule, mandate, and regulatory edict is one more obstacle that small business owners, entrepreneurs, and job creators have to swallow.
America has two clear tiers of workers: contractors and employees. The former have few regulatory protections; the latter have many.
The fruits of science and innovation have nourished our society and economy for years, but nations unable to navigate our regulatory system are often excluded, as are vulnerable individuals.
Everyone has a different opinion; every country has a different way of doing things. But I do believe that we need a regulatory body so that everyone who owns or manages wildlife is subject to inspection and rated on how well they look after the animals and how the communities benefit.
Creating a regulatory system that reflects the modern-day realities of financial markets is not as difficult as it may appear.
I believe that government is too large, costs too much, spends too much, and has too much regulatory power in our lives.
We must advance regulatory reforms.
Getting the budget balanced, regulatory reform, tax reform – I think these lead to economic growth.
There are tradeoffs between independence and co-operation, between regulatory autonomy and market access. This means that compromises are necessary to deliver a pragmatic Brexit that protects jobs and living standards while respecting the referendum result.
We pursued the wrong policies. George Bush is not on the ballot. Bill Clinton is not on the ballot. Mitt Romney is on the ballot, and Barack Obama is on the ballot. And Mitt Romney is proposing tax reform, regulatory reform, a wise budget strategy and trade. The president has proposed tax increases.
When capital comes into our own countries, it ought to be for, you know, a longer-term investment. If it’s extremely short, hot money, we ought to treat it in that way and have type of regulatory policy.
The thing that I realized in my journey as a whistleblower… is that the reaction that I got from a lot of law enforcement and regulatory agencies was confusion and bafflement.
San Francisco businesses face many challenges, including high rents, regulatory burdens, and the rising cost of workers compensation insurance and employee health plans.
The energy transition demands a clear vision of the steps that need to be taken and a stable, meaningful regulatory framework. It appears important to us to awaken public opinion to the fact that this transition will necessarily come at a cost and will, at least in the short term, involve a price increase.
I think tokenization eventually means everyone becomes an investor once all the regulatory issues are worked out – from your computer itself to a kid in India messing around with $10.
Genetic modification is a very powerful tool. But like any powerful tool, when using it, you have to take into account the environmental impact, the food safety aspects and so on. There must be a strong regulatory mechanism.
As a former EPA administrator under a Republican president, I recognize that it is easy to hate regulations in general. After all, regulatory action causes people to spend money or change behavior, often to solve problems they do not believe exist.
Streamlining New Hampshire’s regulatory framework is a key priority of my administration.
For small businesses, regulatory burdens can be overwhelming.
Delayed energy projects and regulatory hurdles to domestic oil production not only cost the United States economy billions of dollars and millions of jobs, but they also stand in the way of an elusive goal: true American energy security.
Many people who try to do big bold things in the world find out it’s not about the money or the technology: It’s about the regulatory hurdles that will try and stop you.
I trust the regulatory mechanism; it is a fair and independent mechanism, and the politicians and government do not interfere with the regulators.
Innovation, especially in America, is continuing at a breakneck pace, even in areas facing substantial political or regulatory headwinds. The advances in health care in particular are breathtaking – so many selfless souls are working to advance science, and this is heartening.
Regulatory reform is my agenda. I intend to thoroughly work on this.
I am a passionate advocate for developing the future workforce, addressing complex social problems, and shaping a regulatory framework. These three subjects all revolve around greater innovation and growth.
I look forward to taking on issues regarding the Constitution, intellectual property, terrorism, and other legal and regulatory reforms.
In order to build anything from factories to schools to hospitals, one must jump through a series of regulatory hoops, giving EPA veto power over any major projects.
Not all traffic is created equal. In the 5G future, mission-critical apps such as remote surgery will have to take priority over other traffic. There will need to be a regulatory regime that allows the service provider to create services that are differentiated based on user experiences.
Regulatory reform must move beyond limiting the damage that the financial sector can do and ensure that the sector genuinely serves society.
I refuse to go along with the status quo of more wasteful federal spending, and I refuse to let the Obama Administration continue to force their misguided ideology through regulatory overreach.
I am pleased to be part of Promontory’s steady efforts to assist banks and other financial firms in meeting legal and regulatory obligations and challenges.
Electricity transmission operates on a frequency between 49.7 Hertz and 50.2 Hertz. What I have done is petitioned the Central Electricity Regulatory Commission and squeezed this band to now 49.9 Hertz to 50.1 Hertz. This will contain volatility.
If we can’t get where we need to go to protect people through our regulatory channels, through our legislative process, then unfortunately what we have left is our legal process.
We have to build the capacity of our institutions, employees and workers. Our regulatory environment has not been encouraging to research, innovation and enterprise.
Getting in the middle of financial transactions is a regulatory minefield.
Through our regulatory reforms, the Trump administration is proving that burdensome federal regulations are not necessary to drive environmental progress. What makes our actions effective and durable is our commitment to vigorously enforce them.
President Clinton got it right in 1996 when he established a free-market-based approach to this new thing called the Internet, and the Internet economy we have is a result of his light-touch regulatory vision.
If someone knows of a job creator anywhere in the world that’s looking for a high, complex tax environment or looking for a high regulatory environment, I would like to meet them because I have yet to meet a job creator that’s looking for that, and that’s what we have.
The United States needs an energy policy that ensures America’s tax, trade, regulatory and access policies are transparent and predictable.
With a post Brexit economic policy that sets our economy and country on the right track, with new freedoms, the U.K. will exercise greater fiscal flexibility and regulatory reform to transform our country into a dynamic engine of prosperity, job creation and growth.
Nobody in the Washington regulatory bureaucracy gets fired for saying no.
When it imposes expensive regulatory mandates on the private sector, Congress often acts on the basis of interest-group pressures, anecdotes, and the emotions of the moment. The executive branch is hardly perfect, but it is far less likely to do that.
The goal of federal regulations should be to promote health and safety, but regulatory enforcement must be balanced with common-sense policies and assistance for businesses.
Put not your trust in new leaders, better systems, new organisations or regulatory reorganisation. They may well be good and necessary, but will to some degree fail.
In democracies, we aren’t always governed by the people or the parties that we voted for. But when officials are elected, we must respect their authority, as long as they’re exercising that authority within the bounds of whatever regulatory frameworks are in place to guide them.
There’s been so much corruption and so much cronyism in the taxi industry and so much regulatory capture, that if you ask for permission upfront for something that’s already legal, you’ll never get it.
As a medical doctor who chose a career in artificial heart technology rather than clinical practice, I decided not to take an internship, which is required for licensing. Instead, I work with invention, manufacturing, regulatory affairs, and clinical application of artificial hearts.
I personally believe that any country that has a nuclear program should conform to international regulations and should have international regulatory bodies that check to make sure that any nuclear program moves in the right direction.
This country, of course, needs fundamental reform of our financial regulatory system, as I, and many other financial institution executives, have publicly advocated for a considerable period.
The motivation should come from regulatory enforcement, but enforcement is weak, and environmental litigation is near to impossible. So there’s an urgent need for extensive public participation to generate another kind of motivation.
We need an attorney general that’s going to be an advocate for the state of Missouri and is willing to intervene in the regulatory process and go to court to protect Missourians from over-regulation.
We notified the EPA 18 years ago that PFOA in drinking water presented a public health threat, and in 2019 there are still no federal regulatory limits.
Blockchain startups are suffering from a crippling, archaic, and antiquated state regulatory system – and it’s driving innovation abroad. Many blockchain start-ups trigger or may trigger money transmitter laws and regulations.
And, frankly, what happens out of Washington is, it creates a wind in my face, uncertainty over Obamacare, uncertainty over their tax policy, uncertainty over the regulatory policy.
The belief that the law will never ‘catch up’ to technology is borne in part of tech exceptionalism, a libertarian elitism that derides any kind of legal or regulatory impediment as Luddism.
The economic system is acting like a cancer on humanity. The regulatory system, the accountants, the legal firms support the metastasizing of this cancer.
Internet and government is Topic A in every nation, all around the world. There is the question of getting the Internet built. That involves persuading government to have regulatory policies. It involves new technology to bring the Internet to rural places.
I don’t trust that the big-business part of our coalition is ever going to defend federalism and argue against regulatory capture. I don’t trust that populists are going to defend religious liberty and the rights of creedal minorities.
The policy of the Obama administration is to employ regulatory strangulation to drive up the price of energy. This must be exposed and opposed for what it is: a policy of forced economic contraction.
Fortunately, when Korea was struck by the 1997/8 financial crisis, that was a good opportunity for us to engage in fundamental reforms and strengthen our financial structure. As a result, our financial regulatory structure and regime have been very much strengthened.
We have rules that no longer are relevant to the world we’re living in. Our regulatory system can’t keep up.
The regulatory systems in place disincentive innovation. It’s intense to fight the red tape.
We all agree on the core values of a free and open Internet. We simply may disagree on the appropriate regulatory framework for securing those values. And I would much rather have an open and honest debate about the appropriate regulatory framework as opposed to throwing misinformation out there to achieve political ends.
The Indian state has to be minimalist in regulatory interventions in social and economic matters; maximalist in providing the quality of life needs; and optimal in the maintenance of law and order.
So, we’re saying, if we can give developers and builders incentives to cut down on the regulatory barriers that are faced in this country, then we might be able to address the needs of affordable housing.
A focus on regulatory overreach, things that the benefit doesn’t outweigh the cost, is probably the single greatest opportunity we have for having a positive impact on job creation.
Every regulatory speech on derivatives takes a bow to their hedging ‘benefits.’ Less publicly, regulators pay their respects to derivative profits, a blessed relief from the banks’ troubled loans to less-developed countries, highly leveraged companies, and real estate swingers.
The concept of industry domination of regulatory agencies was well known and documented in the literature by the 1960s.
We have lost certainty and predictability in the regulatory and tax climate in America, and this is why we’re recovering so slowly.
The expenses of complying with Washington’s torrent of mandates and regulatory overreach are costing American workers jobs and income growth.
I think there’s no question that vaccines have been absolutely critical in ridding us of the scourge of many diseases – smallpox, polio, etc. So vaccines are an invaluable medication. Like any medication, they also should be – what shall we say? – approved by a regulatory board that people can trust.
Perhaps genes did regulate the aging process. Perhaps different organisms had different life spans because a universal regulatory ‘clock’ was set to run at different speeds in different species.
With the discovery of vast new North American energy resources – thanks to the application of proven technologies like hydraulic fracturing and commonsense regulatory processes on non-federal lands – the U.S. government should no longer be in the business of spending taxpayer dollars on risky, exotic energy projects.
What I’ve seen around the world is if the regulatory desires are combined with things that affect consumer behavior – such as in Europe, they tax gasoline very heavily – you do get people to move to very fuel efficient cars; trade off bigger vs. smaller cars.
Thankfully, President Trump has made clear: The regulatory assault on American workers is over.
For the life of me, I cannot understand Clinton and her proposed across-the-board tax hikes on individuals, businesses and investors. I cannot fathom her plans for increased regulatory burdens, which include more government-run healthcare and a halt to the fossil-fuel energy boom.
Capital available for individuals to start and expand businesses would increase with regulatory and strategic tax reforms, like reducing marginal rates, repealing the alternative minimum tax, and making the U.S. the most welcoming place for employers to relocate and create jobs.
For too long, the system has been biased in favor of oil and gas developers: sweetheart lease deals, generous subsidies and a regulatory process so slanted in favor of Big Oil that often permit reviews are simply waived.
By the time I finished doing regular practice, most of my work was in international regulatory law, so I was advising foreign governments about their responsibility and roles in things like public inquiries.
Private monopolies run by special interests should not get to raise taxes and set regulatory policy for the United States.
If Senator Shelby calls his Financial Regulatory Improvement Act anything other than a hand out for the big banks, then he is being untruthful, and the people of Alabama deserve better.
The evolvement of proteolysis as a centrally important regulatory mechanism is a remarkable example for the development of a novel biological concept and the accompanying battles to change paradigms.
The goal of long-run economic growth without asset price bubbles is not only achievable, but is something we should expect if we put a sound regulatory framework in place and if policymakers remain vigilant.
I was proud to represent the 11th District of Georgia as a member of Congress for the past 12 years and am excited to now be joining the respected, growing Government & Regulatory Affairs Practice at Drinker Biddle & Reath.
And I think most people in this country want to see a president that’s got the courage to say we’re going to cut the tax burden, and reduce the regulatory climate, and we’re going to get Americans working.
I believe that the financial crisis of 2008/9 exposed more a lack of ethics and morality – especially by the financial sector – rather than a problem of regulation or criminality. There were, of course, regulatory lessons to be learned, but at heart, there was a collective loss of our moral compass.
There are not sufficient regulatory frameworks to handle the amount of power that companies like Facebook have, particularly in the United States.
Under President Donald Trump’s leadership, EPA has sought to undo and correct the Obama administration’s failed regulatory decisions, proving that environmental protection and economic prosperity go hand-in-hand.
The Obama administration has an undeniable pattern of using regulatory overreach and intimidation to further its political aims.
All economies are structured differently – the tax systems, the regulatory systems, the federal systems – and that is as true of Australia and the United States as it is of Australia and Germany and the U.K.
We believe behavioral science, cognitive computing, and machine intelligence are essential to a successful, holistic surveillance offering and critical to efficient and effective organizational compliance with an increasingly intricate global regulatory environment.
The Obama administration is not helping small businesses create jobs. In fact, it is responsible for the regulatory uncertainty nearly 50 percent of small-business owners cite as responsible for their lack of hiring.
Obviously, Nevada doesn’t prohibit all forms of gambling, but you have to submit yourself to a very rigorous regulatory process to run a gambling operation in Nevada.
Part of my mandate is to curb corruption and streamline a cumbersome, graft-ridden bureaucracy, to put resources where they will provide the clearest results, and to untangle a complicated regulatory environment.
Regulatory mandates have a disproportionate effect on small businesses.
Light touch regulation means that we create broad regulatory frameworks that can protect consumers to ensure an overall competitive marketplace.
We need to have a regulatory budget in America that limits the amount of regulations on our economy. We need to repeal and replace Obamacare, and we need to improve higher education so that people can have access to the skills they need for 21st century jobs.
Finding a ‘sacrificial lamb’ on whom to tag blame for complicated problems is an important instrument in the toolkit of politicians, because it deflects blame for the nation’s economic woes away from their own regulatory lapses, economic mismanagement and coddling to labor unions.
If Congress wants to reform our nation’s air traffic control system, it must do so without creating new mandatory user fees and additional layers of regulatory bureaucracy.
There are over 170,000 pages of regulations in Washington, D.C. I want to streamline the rules in the federal government to basically allow businesses to grow without fear of burdensome federal regulations. That’s a passion to me, regulatory reform.
When regulations on the housing industry are reasonable, the cost of housing goes down. Regulatory relief is needed to make housing more affordable to more Americans.
In order for America to remain the leader in medical innovation, we must reduce costs, ease regulatory burdens, and increase the efficacy of producing new treatments and cures here in the U.S.
As the son of a small business owner, I know how regulatory overreach can stifle our economy and cost Americans jobs.
Luxembourg is the first adopter in Europe of a legal and regulatory framework recognizing that space resources are capable of being owned by private companies.
The Enron scandal is worthy of the highest level of scrutiny, both because of the enormity of the crimes that may have been committed and because of what the largest bankruptcy in American history has already begun to reveal about the weaknesses in our nation’s corporate structures and regulatory oversight.
The comparison to the old world is something to get excited about. We have the potential for more choice and innovation, and a different regulatory environment that doesn’t place as much weight on economic regulations of terms and conditions.
I think the work on tax reform, the work that’s being done on regulatory reform is very important. And just having a seat at the table, I think, is so important for business today as we think about what’s going to benefit the economy of this country, how we’re going to create great manufacturing jobs.
We recognise the need for government to provide a clear and stable regulatory framework so as to release the investment power of business in order to deliver progressive public policy.
For market discipline to constrain risk effectively, financial institutions must be allowed to fail. Under optimal financial regulatory and financial system infrastructures, such a failure would not threaten the overall system.
President Obama has called for economic and political empowerment of women globally. The Equal Futures Partnership promotes removal of policy, legal, and regulatory barriers that hold women back at local, state and national levels.
There has to be essentially a completely new regulatory framework for Hyperloop because it is not high-speed rail. It’s not rail.
Loss-absorbing capacity among banks is substantially higher as a result of both regulatory requirements and stress testing exercises.
The reality is that unless you understand the regulatory environment and payment structure, you can’t revolutionize it. I think most tech companies and startups have come to this realization: that you have to partner with people in the ecosystem.
Long-term economic growth depends mainly on nonmonetary factors such as population growth and workforce participation, the skills and aptitudes of our workforce, the tools at their disposal, and the pace of technological advance. Fiscal and regulatory policies can have important effects on these factors.
Entrepreneurs are constantly developing new technologies and services. But too often, they’re unable to bring them quickly to market for consumers because regulatory inertia stands in the way. Unfortunately, the FCC can suffer from this government-wide problem.
West Virginia has consistently been ranked at or near the bottom amongst all states for our regulatory environment by publications such as Forbes and CNBC. This is an area where we need to improve.
In the future, financial firms of any type whose failure would pose a systemic risk must accept especially close regulatory scrutiny of their risk-taking.
Singapore’s not a very big country. They speak with one voice, and they have a clear idea of what their regulatory environment should look like.
Ensuring a better future for all South Africans will require increased access to higher education, a stronger and fairer labour market, deeper participation in regional markets, and a regulatory framework that fosters entrepreneurship and allows small businesses to thrive.
All of us are going to have to find ways to do things more efficiently, find ways to get our costs more in line, and do it in a time of higher regulatory and environmental standards.
The development of the food industry for both domestic and export markets relies on a regulatory framework that both protects the consumer and assures fair trading practices in food.
There is some risk that if the wrong regulatory regime gets adopted in the U.S., then the center of innovation could move to other countries. If blockchains are the next Internet, that would be a very unfortunate development for the U.S.
Our goal as Republicans is to ensure gender discrimination ends once and for all, and to also help guarantee those who want to remain in the workforce and continue their careers aren’t hindered by clunky, outdated regulatory structures that penalize them for making that choice.