Updating the SEC’s Exemptive Order Process Under the Investment Company Act of 1940 to Fit the Modern Era

Christopher P. Healey · July 2011 79 GEO. WASH. L. REV. 1535 (2011) In the late 1930s, the U.S. Securities and Exchange Commission (“SEC”) was commissioned by Congress to study the then-unregulated investment company industry. This series of studies “laid the foundation” for the current system of investment company regulation under the Investment Company Act...
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Saxe’s Aphorism

John Copeland Nagle · July 2011 79 GEO. WASH. L. REV. 1505 (2011) If “Laws, like sausages, cease to inspire respect in proportion as we know how they are made” then you should think twice about reading John Manning and Matthew Stephenson’s book, Legislation and Regulation. Manning and Stephenson are both Harvard Law School professors,...
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Seminole Rock’s Domain

Matthew C. Stephenson & Miri Pogoriler · July 2011 79 GEO. WASH. L. REV. 1449 (2011) In carrying out their duties, federal administrative agencies must often interpret statutes and regulations that are not entirely clear. Sometimes an agency’s interpretation of an ambiguous legal text may not seem like the best or most natural interpretation of...
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Agency Delays: How a Principal-Agent Approach Can Inform Judicial and Executive Branch Review of Agency Foot-Dragging

Michael D. Sant’Ambrogio · July 2011 79 GEO. WASH. L. REV. 1381 (2011) How long should it take a government agency to act on a nondiscretionary duty? When does the agency’s decisionmaking process become unreasonably delayed, warranting judicial intervention to compel agency action? These questions are central to the operation and accountability of the modern...
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Rulemaking, Democracy, and Torrents of E-Mail

Nina A. Mendelson · July 2011 79 GEO. WASH. L. REV. 1343 (2011) Bold claims have been made for democracy and federal administrative agency notice-and-comment rulemaking, now the dominant mode of administrative action. An agency’s public proposal of a rule and acceptance of public comment prior to issuing the final rule can help us view...
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Balancing the ERISA Seesaw: A Targeted Approach to Remedying the Problem of Worker Misclassification in the Employee Benefits Context

Tracy Snow · June 2011 79 GEO. WASH. L. REV. 1237 (2011) Many companies are increasingly using independent contractors to reduce costs in an environment characterized by unexpected fluctuations in the market and intense global competition. Independent contractors, also called “freelancers,” are self-employed individuals who render services directly to companies outside the scope of the...
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