Trade Groups, Firms Push to Ease Tough Federal Scrutiny
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Two-and-a-half years after Congress passed the most sweeping corporate reforms since the Great Depression, trade groups are maneuvering to revise them, arguing that they are too expensive, too time-consuming and too much trouble for small businesses.
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WASHINGTON - The World Trade Organization imposed penalties Friday on US exports ranging from apples to textiles, escalating a trade dispute the Bush administration has struggled to defuse by unsuccessfully urging Congress to repeal legislation aimed at
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Spurred to action by a wave of scandals that rolled through corporate America and the mutual fund industry, the Securities and Exchange Commission could slow its aggressive rulemaking pace in coming months as internal dissension and outside pressures intensify.
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Global finance chiefs on Saturday called for a more broad-based effort to calm financial markets, including tighter scrutiny by the International Monetary Fund and other institutions of increasingly powerful state-owned investment funds.
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The Bush administration, under  pressure from Congress to be tougher on trade, will seek to  eliminate Chinese government subsidies for steel, computers,  clothing and many other industries in a case launched on Friday  at the World Trade Organization.
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US automakers, wobbling under crushing employee benefit costs, now have a new worry: The federal government is determined to find out whether the costs are accounted for fairly and properly.
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Business interests, seizing on concerns that a law passed in the wake of the Enron scandal has overreached, are advancing a broad agenda to limit government oversight of private industry, including making it tougher for investors to sue companies and auditors for fraud.
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The Grocery Manufacturers Association, the industry's largest trade group, plans to unveil on Tuesday a proposal to increase U.S. federal oversight of imported food and ingredients, the Wall Street Journal reported in its online edition on Monday.
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WASHINGTON -- The Supreme Court is about to plunge into an agenda laden with issues affecting the business sector. Tobacco companies, the biotech industry, and operators of coal-fired power plants have a stake in cases the court will hear in the next month.
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The independent panel will consider changes in laws and regulations with the intent of making American markets more competitive.
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A Bush administration import safety panel urged government agencies on Monday to work together to focus on the riskiest products in a "fundamental change" in import monitoring, following a spate of tainted or unsafe goods from China.
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Federal regulation, which usually simmers on the back burner in Washington, seems likely to start boiling in the next few weeks if public interest and labor groups have their way.
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WASHINGTON -- Business interests that have grumbled for years about government regulations are getting the ear of federal officials considering changes in those policies.
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A coalition of U.S. aerospace, electronics and other manufacturers called for an overhaul of U.S. export controls designed to keep sensitive technology out of the wrong hands, blaming them for delays and lost business.
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It is unusual to see an intra-governmental dispute about a case before the Supreme Court, but it has become an annual event for the Federal Trade Commission and the antitrust division of the Justice Department.
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The World Trade Organization opened an investigation Monday into whether the United States was violating international commerce rules that limited subsidies to American farmers.
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Regulatory hurdles still to be jumped