Judicial oversight adds a level of independent scrutiny previously lacking.
"Allowing the president to appoint czars and bureaucrats without Congressional oversight adds to the problem of an ever-expanding, unaccountable government," said Moira Bagley, a spokeswoman for Senator Rand Paul, Republican of Kentucky, who has expressed objections to the measure.
And as the transaction volume is increasing, a series of adverse events has intensified oversight, adding to the pressure on the institutions and their IRBs.
Only McNall's name was engraved on the Grey Cup as team owner, but in November 2007, the CFL corrected the oversight, adding Gretzky's and Candy's names.
And yet last week Dimon's own Board "strongly endorsed" his dual role as CEO and Board Chair, an unusual concentration of power at what is (by some measurements) the world's largest bank, and commended itself in a proxy filing for the "strength and independence" of its oversight, adding: "The Firm has had strong performance through the cycle since Mr. Dimon became Chairman and CEO".
"But we need to draw a distinction between policy oversight and procedural oversight," she added.
"I do want to apologize to the vegetarian and vegan community for our oversight," he added.
When the costs of government oversight are added in, she said, the program may even lose money.
Rigorous, independent oversight, he added, not only protects against abuses but also helps assure that what we do in the name of security actually works.
In the bill rejected on Monday, the unlimited powers that the Treasury Department had initially sought were curbed, and Congressional oversight was added.
He said the new Chancellor had been trying to provide that oversight, and added: "You have to be enormously impressed by his courage and energy.
