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Industries then use regulation to serve their own interests, at the expense of the consumer. A similar pattern has been seen with the deregulation process itself, often effectively controlled by regulated industries through lobbying. Such political forces, however, exist in many other forms for other lobby groups. [citation needed]
Nvidia, which controls more than 90% of the U.S. AI chip industry, blasted the Biden Administration in a statement, arguing that the restrictions would hand market share to China.
To achieve these deregulatory aims, the financial industry, including commercial and investment banks, hedge funds, real estate companies and insurance companies, made $1.725 billion in political campaign contributions and spent $3.4 billion on industry lobbyists during the years 1998–2008. In 2007, close to 3,000 federal lobbyists worked for ...
Nuclear power is a textbook example of the problem of "regulatory capture" – in which an industry gains control of an agency meant to regulate it. Regulatory capture can be countered only by vigorous public scrutiny and Congressional oversight, but in the 32 years since Three Mile Island, interest in nuclear regulation has declined precipitously.
File photo: Federal Reserve Board Vice Chair for Supervision, Michael Barr, testifies before a Senate Banking, Housing, and Urban Affairs Committee hearing in the wake of recent bank failures, on ...
Motor carrier deregulation was a part of a sweeping reduction in price controls, entry controls, and collective vendor price setting in United States transportation, begun in 1970-71 with initiatives in the Richard Nixon Administration, carried out through the Gerald Ford and Jimmy Carter Administrations, and continued into the 1980s, collectively seen as a part of deregulation in the United ...
The Deregulation and Contracting Out Act 1994 [1] (c. 40) is an Act of Parliament. It introduced wide-ranging measures with aims including reducing burdens on people in trade created by previous acts such as the Shops Act 1950 , changes in transport legislation, changes in utility legislation, and changes in financial services, among others.
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