Congressional studies do not remedy regulators' informational disadvantage because they mostly follow after Congress has already identified concerns and may not provide real-time relevant information before regulatory action is necessary.
Source quote, verbatim
However, these studies mostly follow after Congress identified particular concerns in the regulatory structure or in financial markets. These studies may not provide real-time and relevant information before regulatory action by public rule-makers is necessary.
From
Wulf A. Kaal, Evolution of Law Dynamic Regulation in a New Institutional Economics Framework (2013), III.2 Private vs. Public Rulemaking, footnote 4, p. 9 https://ssrn.com/abstract=2267560 · source PDF
Cite as
Wulf A. Kaal, Evolution of Law Dynamic Regulation in a New Institutional Economics Framework (2013). SSRN: https://ssrn.com/abstract=2267560
The quote above is an exact substring of the source PDF, whose sha256 is 7ecc9dd1826121a95bf252476cdaa1c8737ad8079e12caf66c4342ffae7af8af. Extraction method: pdf-text-layer. Attestation record: colloquium/attestations/88481a39f0cbed34...json Verify the binding yourself: curl -s https://wulfkaal.github.io/claims/2267560-026.md | sha256sum