With the recent publication of its final rule, the federal government's Financial Stability Oversight Council is now in position to designate certain nonbank firms as "systemically important financial institutions" (SIFIs). There is probably no aspect of the Dodd-Frank Act that will have more damaging effects on competition in the U.S. financial system.

AEI's J.D. Kleinke examines the magnitude, symbolism, and likely impacts of the accounting rule included in the Accountable Care Act to regulate the administrative costs and profits of the health insurance industry.

Waiting to act until the Supreme Court has made its decision on ObamaCare proves risky for all involved. 

The Dodd-Frank legislation has many problems and omissions, and much is still uncertain about implementation. But the new liquidation authority provides for the possibility of making it so that future crises do not involve the bailouts of creditors that truly embodied the problem of having banks that are too big to fail.

The PPACA's rate review and MLR provisions represent costly, bureaucratic interference with insurers' legitimate business decisions and state regulatory prerogatives. This will do little to enhance competition in health insurance markets and the availability and affordability of health insurance.

Contrary to the popular misconception, the growth rate of national health spending has been dropping for a decade.

Longstanding policies that were intended to promote confidence in the independence of regulatory decision-making have now been wiped away by the Dodd-Frank act, which has in effect placed all the financial regulators under the direction of the Treasury secretary.

Secretary Geithner argued that we have forgotten the reasons that the Dodd-Frank Act was necessary, and that's why the act has become so controversial. What the secretary seems to have missed is that we have learned a lot in the intervening years. The administration's rush to judgment on the financial crisis is a case study in why it would have been worthwhile to wait for the facts.