Below The Radar
Whenever I am away from the blogosphere for a few days (this time for a trip to Las Vegas — where apparently free wireless falls below penny slots as an attraction for tourists), I am struck by how much policy is actually moving forward. The highlights these past few days:
–The EPA and the National Highway Transportation Safedy Administration (NHTSA) issued a document that contemplates raising mileage standards to between 47 and 62 MPG by 2025. This would be a huge increase in mileage and would result in a significant decrease in greenhouse gas emissions.
–The Department of the Interior finalized rules on offshore drilling that:
details the proper cementing, casing and drilling fluid procedures that drillers should use in order to maintain wellbore integrity while drilling. The new rule also strengthens oversight of equipment, like blowout preventers, used to shut off the flow of oil and gas.
This likely paves the way for the end of the drilling moratorium.
— The FDIC has begun rulemaking that would require banks to retain some risk when they make risky loans rather than packaging all of them and selling them off as was common before the 2008 crash. This got Congress’ attention because it put the FDIC ahead of four other agencies that are supposed to issue similar rules under the financial reform law.
You can love Obama or hate him but the one argument I don’t understand is that his administration isn’t doing anything.Click here for reuse options!
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