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Leashes Come Off Wall Street, Gun Sellers, Polluters and More
WASHINGTON — Giants in telecommunications, like Verizon and AT&T, will not have to take "reasonable measures" to ensure that their customers' Social Security numbers, web browsing history and other personal information are not stolen or accidentally released.
Wall Street banks like Goldman Sachs and JPMorgan Chase will not be punished, at least for now, for not collecting extra money from customers to cover potential losses from certain kinds of high-risk trades that helped unleash the 2008 financial crisis.
And Social Security Administration data will no longer be used to try to block individuals with disabling mental health issues from buying handguns, nor will hunters be banned from using lead-based bullets, which can accidentally poison wildlife, on 150 million acres of federal lands.
These are just a few of the more than 90 regulations that federal agencies and the Republican-controlled Congress have delayed, suspended or reversed in the month and a half since President Trump took office, according to a tally by The New York Times.
The emerging effort — dozens more rules could be eliminated in the coming weeks — is one of the most significant shifts in regulatory policy in recent decades. It is the leading edge of what Stephen K. Bannon, Mr. Trump's chief strategist, described late last month as "the deconstruction of the administrative state."
https://www.nytimes.com/2017/03/05/us/politics/trump-deregulation-guns-wall-st-climate.html
In the submitter's opinion - some of these rollbacks are mistakes. Others, though, should never have been passed. For instance, the Social Security Administration being drafted into notifying law enforcement agencies of HIPAA protected information. The MPG requirements on American auto makers? The fuel efficient cars are available, but no one wants them. Left and right alike, buyers demand the gas guzzlers. Banking regulations, though, should stay in place. Trump should know that the bankers won't regulate themselves. FFS, he saw the same meltdown that we all saw in 2008!
(Score: 1, Insightful) by Anonymous Coward on Saturday March 11 2017, @03:42PM
these examples are chosen by the scum at the nytimes to rile up a certain class of constituent. That being said, i don't want the spying whores at the telecoms getting away with it. I also don't want the fed gov telling businesses what to do, generally speaking. These companies just need to be accountable to their customers. get rid of the liability protection and i won't mind the loosening of regulations, assuming the courts, etc are made fair. also, i'm a strong supporter of gun rights. 98% of people would probably consider me extreme, but not allowing people with actual, serious mental illness to own guns is completely constitutional (ironclad protections would have to be put in place) . i'm not in favor of any one felony being considered grounds for denying gun rights and no drug "crimes" should count either. The founders said something along the lines of "known degenerates" or "career criminals" not "victims of unconstitutional state predation". i also believe that individuals should be able to have the same weapons(small arms for sure) that any individual soldier has access to as the founders freaking said. These rights are guaranteed for responsible free citizens. I also don't want lead in the environment but i'm ignorant on the whole situation. As an individual i would pay more for lead free bullets assuming the difference was at least somewhat reasonable. As far as the banks go, don't get me started. We first have to get rid of the fed and prosecute all of them on charges of sedition. Then get rid of fractional reserve banking nationally. then we'll talk about various specific regulations. None of these politicians are radical enough. The debate is purposefully designed as farce to keep us arguing about bullshit.