Warren says corporations co-opt the regulatory process

In a blistering broadside against regulated industries, Sen. Elizabeth Warren (D-Mass.) said powerful special interests have co-opted the regulatory process and are able to convince regulators to shape rules in their favor.

“Thanks to corporate influence, the rulemaking process often becomes the place where strong, clear laws go to die,” Warren told the audience of a Regulatory Capture Forum sponsored by the Administrative Conference of the United States in Washington Thursday.

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