White House transparency website launched, new guidelines issued for human subjects in clinical trials, investor Stanford convicted, and more.
- A federal jury found R. Allen Stanford guilty on all but one of the 14 counts he faced for bilking investors out of more than $7 billion in a Ponzi scheme.
- Less than a week after its health subcommittee voted to eliminate the Independent Payment Advisory Board (IPAB), the House Energy and Commerce Committee approved the same bill by voice vote. See related The Regulatory Review essay.
- The White House launched a new web portal, Ethics.gov, a transparency website intended to fulfill a campaign promise of open and accountable government.
- The Department of Labor (DoL) issued a report showing that federal inspectors, supervisors and administrators failed to identify some of the specific safety problems that triggered the Upper Big Branch Mine explosion. See related The Regulatory Review essay.
- New York City restaurateurs expressed discontent at a public hearing over New York Health Department inspections implementing a new letter-grading regulation.
- A federal District Court judge upheld part of a National Labor Relations Board (NRLB) rule requiring employers to post notices of employee rights under the National Labor Relations Act, but also found that other provisions exceeded the Board’s authority.
- Massachusetts Gov. Deval Patrick unveiled plan to eliminate costly regulations.
- The Food and Drug Administration (FDA) issued a new guidance on the protection of human subjects in medical and pharmaceutical research.
- The European Union Court of Justice criticized the European Commission’s restructuring of banks and calculation of aid granted by the Dutch government to ING Groep.
