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He said that when he did act, no one told him that work on new rules was already under way.
Late on Thursday evening, negotiators continued to work on new rules that will govern practices and off-season workouts, which are expected to be reduced under the new agreement.
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But in the face of opposition from airlines, it is still working on new rules for more extensive co-pilot training.
Barack Obama has condemned tax avoiding companies as "unpatriotic" and the G20 group of nations is working on new rules to rein in aggressive tax planning.
The Basel Committee on Banking Supervision, whose recommendations were endorsed Sunday by the central bankers and regulators, is also working on new rules intended to ensure that banks always have enough cash on hand to survive periods of market turmoil.
As I report in The Times, the agency is working on new rules to rescue the program after a yet-to-be-determined number of swindlers manufactured more than100 million credits tied to the manufacture of biodiesel that did not actually exist.
OHRP is working on new rules for human subjects' protections for studies involving the standard of care and should be releasing them for comment in the coming weeks or months, the Chronicle reports.
The risk that a private-equity funded insurance company that has sold annuities may not be able to stand behind its commitments has state regulators worried, and Lawsky said his office is working on new rules designed to limit that risk.
The representatives also continued to work, with more success, on new rules that would require banks to keep more capital in reserve as protection against a future crisis.
The FCC has been working for nearly a year on new rules governing how ISPs manage Web traffic on their networks, and Wheeler said he will share his latest proposal with fellow commissioners on Feb. 5 and hold the vote on final regulations on Feb. 26.
In addition to facing major work on implementing new rules to oversee the over-the-counter derivatives market, the CFTC is also straining its limited resources to conduct an investigation into the October collapse of brokerage firm MF Global and the massive shortfall in customer money.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com