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Cato Podcast

What Incentives Do State Regulators Face?

Cato Podcast

Cato Institute

Immigration, News, News Commentary, Peace, 424708, Markets, Government, Libertarian, Policy, Politics, Cato, Defense

4.5979 Ratings

🗓️ 22 November 2023

⏱️ 11 minutes

🧾️ Download transcript

Summary

It may not be shocking to learn that state-level regulators face many of the same incentives as federal regulators. State lawmakers should pay close attention to how those regulators do their work, says Joe Luppino-Esposito of the Pacific Legal Foundation.

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Transcript

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0:00.0

This is the Cato Daily Podcast for Wednesday, November 22nd,

0:06.2

2023. I'm Caleb Brown. The regulatory state's authority as

0:10.3

massive as it may be is delegated. It's true for the feds, it's true for the feds it's true for the states as well at the state

0:16.6

level the incentives for administrative agencies are substantially similar

0:20.3

and the solution to the problem of executive agency overreach is also largely the same.

0:26.7

Lawmakers need to be on the hook for more regulatory decisions.

0:30.4

Jolupino Esposito of the Pacific Legal Foundation discusses how state legislatures might better handle regulation.

0:37.5

Can you give me a sense of the differences and similarities between regulation and how it's conducted at the federal level versus states?

0:47.0

Well, at both the federal and state level, agencies act in similar manners. If it's done properly, the legislature delegates

0:55.3

some level of authority to agencies to do what should be really only minor

0:59.6

details of figuring out how to enact the laws. But of course the problem is is that either legislatures aren't

1:06.0

careful or a combination along with the agencies overreaching is that they

1:10.3

extend beyond what they are really permitted to do.

1:13.8

And that's really no different at the state or federal level.

1:15.9

Okay, so we are aware of legislation and past and present and pending. that would sort of begin the process of from Congress and not the courts,

1:29.1

rein in a lot of administrative agencies or at least give further consideration to the plans that they would like to roll out.

1:38.0

What is comparable at the state level or what exists at the state level to keep administrative agencies from running amok.

1:47.0

Yeah, well I'll take your cue there. I'll mention the Raines Act obviously is one of the pieces at the federal level where essentially the

1:55.6

legislation that's now gotten through the House this year says that if certain

2:00.7

regulations over a dollar amount which is a $100,000 of effect on, excuse

2:04.7

$100 million effect on the economy, then it would be brought before Congress rather

2:10.0

than having Congress reverse it after it's already been enacted in the same way that the

...

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