"It could lead to lower standards and regulatory ceilings instead of floors," the statement said.
But in order for Progressive Federalism to happen, the federal government has to be supportive of floors, not ceilings -- that is, oriented toward setting minimum progressive regulatory standards that states must at least comply with, not maximum regulatory ceilings that states are not allowed to go above and beyond.
Is Essentially Flat This Year | "Between increased rates, and, at times, unpredictable deal-approval regulatory framework, and continued debt ceiling issues, we're back in the annual dance of uncertainty," Paul Parker, head of global corporate finance and mergers and acquisitions at Barclays, told Reuters.
By contrast, when Republicans controlled the House, 33percentt of laws enacted with preemption statutes were floors; the remaining 67percentt were ceilings limiting state regulatory power.
It's hard to believe that a tighter regulatory setting won't put a ceiling on price-earnings ratios not only for investment bankers but credit care purveyors and brokerage houses.
Qatar's regulatory authority sets a 25 percent foreign ownership ceiling for listed companies, although individual companies can decide whether to allow larger stakes to be held by non-Qatari citizens.
A carbon tax would put a lower ceiling on national gasoline use without more aggressive regulatory interventions.
According to several authoritative accounts, this time Republicans will not stop with budget cuts, but will also use the debt ceiling to demand changes in the tax code, regulatory rollbacks and pro-industry shifts in energy policy.
Each offers essentially the same regulatory framework: a market-based scheme that would set national ceilings on specific pollutants but let companies figure out how best to meet them.
