Although not a per se impediment to the creation of a CSRO, a narrowly defined self-regulatory mandate may also leave unsatisfactory oversight gaps.
The GAO has been asked by Democratic lawmakers to look into these "oversight gaps" at the West Fertilizer Company and other similar facilities.
The Sparling case highlights gaps in product safety and regulatory oversight of the $30 billion dietary supplement industry in the United States, some supplement researchers say.
For example, we support the creation of a systemic oversight council and the closing of regulatory gaps, such as in the case of derivatives and hedge funds.
"This huge gap in oversight is a problem now, and will only grow as global communications systems become more interconnected.
With tax season on the horizon, the gap in oversight will feed directly into cyber criminals' playing the field, undoubtedly resulting in escalating financial losses due to tax identity theft and refund fraud.
"The court highlighted a gap in oversight in these facilities and we were trying to close that gap," Crimmins said.
Rohit Chopra, CFPB assistant director and student loan ombudsman, suggested last month that the practices may be occurring in federal student loans, where there's been a "gap" in oversight, he said.
The system also results in gaps in oversight.
But senators are considering new provisions they say would avoid gaps in oversight and regulation.
