The Senate should follow the House's lead and give the F.D.A. regulatory control over tobacco.
His decision to assert regulatory control over an anarchic marketplace parallels Roosevelt's bold interventions.
The issue of whether nicotine should be classified as a drug is at the center of federal efforts to exert some regulatory control over tobacco companies.
Mr. Greenspan's lengthy and blunt criticisms are likely to provide new impetus for legislative proposals aimed at tightening the regulatory control over both companies.
It would give the Coast Guard regulatory control over ports, require background checks of waterfront workers and provide for 1,500 new Customs agents.
The Environmental Protection Agency wants a piece of the action as well and is preparing to exert regulatory control over greenhouse gases through the Clean Air Act.
A few Northeastern states, including New York, do just that, giving California effective regulatory control over about a fifth of the most lucrative auto market in the world.
That plan has not been activated, but the law, signed by President Bush last week, also gives the government sweeping new regulatory control over the firms.
Northeastern states like Massachusetts, New York and Vermont do just that, giving the state effective regulatory control over one-fifth of the auto market.
The decision is the latest blow to the Council's efforts to wrest more regulatory control over the cable industry from the Giuliani administration.
At the following meeting, he demanded that the oil company be declared a public utility, a move that would have given the commission regulatory control over its pipelines.
