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He said one of the drivers behind the change might be the pressure on the ONR from regulating and overseeing the new nuclear reactors planned in the UK, such as EDF's new reactors at Hinkley Point in Somerset, and the regulator wanting to lighten its load.
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One was Hyppönen's highlighting of an exchange that took place in the secret Foreign Intelligence Surveillance court (Fisa), which supposedly regulates and oversees covert surveillance by US intelligence agencies.
Besides doing the traditional job of setting interest rates, the central bank will directly regulate and oversee the country's banks and other financial institutions.
That inquiry, as well as the death of two firefighters at the former Deutsche Bank tower in 2007, exposed missteps by the Buildings Department and other city, state and federal agencies and led to sweeping changes in how the city regulates and oversees construction.
Meanwhile, the securities law experts and others who worry about the potential for fraud under the House bill, which has few controls, are rooting for the Senate bill, which requires meaningful disclosure to investors and gives the Securities and Exchange Commission much wider latitude to regulate and oversee crowdfunding platforms and issuers.
(Health insurance is an entirely separate issue – very complicated, highly regulated, and overseen by a different agency in Brazil).
SoCal Gas tried to plug the well the day after discovering the leak by injecting it with brine and mud, a mixture of water, potassium chloride and bentonite clay, said Jason Marshall, chief deputy director of the California Department of Conservation, which regulates and oversees the state's oil, natural gas and geothermal wells.
The State Forestry Departments licenses and regulates forest-based industries and the Malaysian Timber Industry Board administers, regulates and oversees business conduct in the timber trade.
But if we say "technology is inevitable", does that absolve us of the responsibility of regulating it and overseeing it?
The regulator's responsibilities for promoting both integration and competition, and for setting prices, regulating the market and overseeing foundation trusts are the starkest but by no means the only examples of how the system could unravel.
At stake are the chairmanships of some of Congress's most powerful committees, including Ways and Means, which has jurisdiction over tax issues; Commerce, with authority over telecommunications, energy and financial services; and Banking, which regulates banks and oversees housing.
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