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"These are pretty stringent requirements," said Sandy Praeger, the Kansas insurance commissioner, who supervised the drafting of the rules.
As a wizened Wall Street veteran, I know that he who controls the drafting of the rules controls the regulation.
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Essentially, the order is a draft of the rules that Comcast and NBC will have to operate under.
The original draft of the rules exempted any major development that already had any preliminary local approval from having to meet the requirements.
The Fed initially hoped to publish a draft of the rules this summer, but was delayed by the complexity of incorporating various requirements of the Dodd-Frank Act.
The Fed has a long history of putting the credit card industry first and consumers far behind, and a draft of the rules released this month is disturbingly weak.
Earlier drafts of the rules had suggested that non-EU funds would have to get permission from each of the countries they wanted to enter.
An early draft of the rules was distributed on Tuesday to members of the Air Transportation Stabilization Board, which also includes the Treasury secretary, Paul H. O'Neill; the transportation secretary, Norman Y . Mineta and the comptroller general, David M. Walker.
An early draft of the rules would have required Caribbean cruise passengers to carry passports too, but after heavy lobbying by the travel industry, Congress voted to postpone the deadline for travel by sea.
Stuart Gruskin, a former deputy commissioner of the Environmental Conservation Department, who worked on the first draft of the rules and now does consulting work, said he had no doubt that fracking waste could in principle be disposed of safely.
In letter dated Friday, Associate Attorney General Thomas J. Perrelli evaluated a draft of the rules and appeals process and told Mr. Feinberg that "additional transparency about the claims process is critical".
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