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575 points gausswho | 1 comments | | HN request time: 0s | source
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fwlr ◴[] No.44505910[source]
The FTC was warned at the time that they were flouting required procedures and that their rule would therefore not survive legal scrutiny. Lo and behold it did not.
replies(3): >>44506022 #>>44507869 #>>44508126 #
hshdhdhj4444 ◴[] No.44508126[source]
Please point to an example of these warnings.
replies(2): >>44508147 #>>44515077 #
VWWHFSfQ ◴[] No.44508147[source]
> The FTC is required to conduct a preliminary regulatory analysis when a rule has an estimated annual economic effect of $100 million or more. The FTC estimated in a Notice of Proposed Rulemaking (NPRM) that the rule would not have a $100 million effect.

> But an administrative law judge later found that the rule's impact surpassed the threshold, observing that compliance costs would exceed $100 million "unless each business used fewer than twenty-three hours of professional services at the lowest end of the spectrum of estimated hourly rates," the 8th Circuit ruling said. Despite the administrative law judge's finding, the FTC did not conduct a preliminary regulatory analysis and instead "proceeded to issue only the final regulatory analysis alongside the final Rule," the judges' panel said.

It says it in the article

replies(2): >>44508477 #>>44508584 #
braiamp ◴[] No.44508477[source]
The fact that it takes more than 24 hours to put a 1 click cancel button is alien to me.
replies(4): >>44508508 #>>44508763 #>>44508901 #>>44519991 #
1. ◴[] No.44508763[source]