What Can a Regulatory Expert Foresee?

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The Mercatus Center at George Mason University hosted a Regulation University presentation that laid out specific examples from Dr. Abdukadirov’s paper, The Unintended Consequences of Safety Regulation, that demonstrate the value of pre-rulemaking analysis and retrospective regulatory analysis.

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With nearly a trillion dollars at stake and draft legislation in development, now is the time for policymakers to free spectrum for innovative 21st century use. In order for 21st century technologies like the sharing economy and the Internet of Things to reach their full potential, and drive economic opportunity, more spectrum must be made available. Federal spectrum reallocation is a win-win-win scenario for the economy, social well-being, and the government.

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In June 2015, the National Academy of Sciences’ Transportation Research Board issued a report with recommendations to update and modernize economic regulation of rail freight transportation. Jerry Ellig served as a member of the committee that prepared the report. This presentation, given to the National Industrial Transportation League’s Railroad Transportation Committee in November 2015, summarizes the report’s main recommendations. For a short narrative that explains the recommendations, see Dr. Ellig’s commentary in Real Clear Policy.

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The world today is seemingly always plugged into the Internet and technologies are constantly sharing data about our personal and professional lives. Device connectivity is on an upward trend with Cisco estimating that 50 billion devices will be connected to the Internet by 2020. Collection and data sharing by these devices introduces a host of new vulnerabilities, raising concerns about safety, security, and privacy for policymakers and regulators.

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The sharing economy’s rapid rise has transformed how many people work and live, from commuting, shopping, eating, vacationing, and even borrowing money. Firms like Uber, Lyft, and Airbnb seem to be grabbing headlines on a daily basis as they grow into billion-dollar ventures, disrupt local businesses, and create new policy questions for regulators. To help shed light on these issues, the Mercatus Center at George Mason University invites you to join Research Fellow Christopher Koopman for a Capitol Hill Campus presentation examining the economics and policy issues surrounding the sharing economy.

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The Social Security Disability Insurance (DI) trust fund’s projected 2016 depletion will require Congress to act soon to prevent large, sudden benefit cuts. Experts on both sides of the aisle have noted that a “quick fix” of simply shifting payroll taxes from Social Security’s much larger retirement trust fund (OASI) into DI, without further reform, could cost Congress its last chance to solve Social Security’s broader financing problems before it is too late. What more responsible reform options are available? The Mercatus Center and the Committee for a Responsible Federal Budget hosted a discussion on May 12 on how best to respond to SSDI’s financing crisis.

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