Regulatory Reform

Publications

The Third Wave: How 5G Will Drive Job Growth Over the Next Fifteen Years

5G, because of its low latency and high throughput, won’t just be an evolution in technology, but a revolution. It will open the door to incredible innovation in both the private sector and the government – including augmented and virtual reality, precision agriculture, smart ports, transportation and logistics, autonomous vehicles, connected construction and so much…

Get Everyone Back to Work – and Make Work Pay

Summer is normally a time when Americans look forward to taking a vacation. In the pandemic summer of 2020, however, many of us probably would like nothing better than to get back to work. Since the coronavirus reached our shores, tens of millions of Americans have been laid off or furloughed. Many others have had…

Spur Digital Manufacturing in America

This piece is part of our Building American Resilience Series. Resilience is the ability to react quickly to unexpected events. Market economies are inherently resilient because they are decentralized. But by outsourcing too much production to the rest of the world, the U.S. has traded much of its flexibility and resilience for somewhat lower short-run…

Press

We should push for more progress in telehealth

Over the last few months, millions of Americans have used telehealth services — the remote delivery of care and health monitoring using digital telecommunications tools — to get health care. Federal and state policymakers have made it easier to access telehealth during the pandemic to keep people home and safe but there is no reason…

A vision for independent workers

A slice of bread is good, but a whole loaf is better. In the spring, Senator Mike Braun of Indiana introduced the Helping Gig Economy Workers Act to shield digital companies from lawsuits on worker classification when providing protective equipment during the coronavirus pandemic. This legal “safe harbor” for such digital companies could find its…

Congress Should Stabilize The American Economy – Both Now And Later

At the end of next month, several economic support programs created by the CARES Act in March will expire. House Democrats have moved to extend and expand these supports through January 2021 with the $3 trillion HEROES Act. Senate Republicans, however, have used fiscal cost as a pretext to oppose or scale back this and other potential future…

Blog

FICO rolls out new credit scoring model

Consumers are getting turned down for all sorts of financial products, from personal and auto loans to credit cards. The Wall Street Journal, using Equifax data, reports that credit card approvals totaled 483,000 in the week ending May 10, down from 856,000 in the week ending March 22. To compare to the year prior, weekly…

Economic Impacts of a Moratorium on Consumer Credit Reporting

Two bills introduced in Congress, H.R. 6370 and S. 3508, ‘‘Disaster Protection for Workers’ Credit Act of 2020’’ would impose a moratorium on credit reporting of “adverse information” for the duration of the coronavirus crisis. Credit scores are an integral part of the consumer credit underwriting process as their power to predict the likelihood of…

Blog: Finally, It’s the Right Time for Infrastructure Week

As Congress passes its historic multi-trillion spending package, people across the country, as well as investors in our beleaguered financial markets, will breathe a sigh of relief. But the truth is, this “Phase 3” response to the pandemic-induced economic shutdown may just be the beginning of what we need to avert a savage recession or…