Environmental, Social and Corporate Governance (ESG) investing is growing in popularity, especially after major investment firm BlackRock signaled support for what it called "ESG Integration," or the practice of incorporating material ESG information into investment and divestment decisions. However, since this strategy is relatively young, the short–and long–term merits and potential harm to investors are both unclear.A distinguished panel joins us to discuss a new paper, titled "Corporate Collusion" and written by former U.S. Ambassador and White House Counsel C. Boyden Gray, and to offer their differing views on the legal issues involved, including ESG, ERISA requirements, fiduciary duty, and more.Featuring:- David J. Berger, Partner, Wilson Sonsini- Hon. C. Boyden Gray, Founding Partner, Boyden Gray & Associates- Hon. Hester Peirce, Commissioner, U.S. Securities and Exchange Commission- Hon. Leo E. Strine, Jr., Of Counsel, Wachtell Lipton; former Chief Justice, Delaware Supreme Court- [Moderator] Hon. Paul S. Atkins, Chief Executive Officer, Patomak Global Partners; former Commissioner, U.S. Securities and Exchange CommissionVisit our website – www.RegProject.org – to learn more, view all of our content, and connect with us on social media.

RTP's Fourth Branch Podcast

Deep Dive 200 – Corporate Social Responsibility, Investment Strategy, and Liability Risks

During the COVID-19 pandemic, federal and state governments relaxed rules that limit telemedicine—technology that enables people to access healthcare from their phones and/or computers—to allow more patients to receive care from the convenience and comfort of their homes. Now, as the pandemic wanes, there are significant debates over whether these changes should be made permanent. In this episode, the Goldwater Institute's Christina Sandefur and the Institute for Justice's Josh Windham explore the rationales behind telemedicine regulations and examine how reforms and lawsuits might transform how patients receive care.Featuring:- Josh Windham, Attorney, Institute for Justice- [Moderator] Christina Sandefur, Executive Vice President, Goldwater InstituteVisit our website – www.RegProject.org – to learn more, view all of our content, and connect with us on social media.

Explainer 30 – An Update on Telemedicine Laws and Regulations

Collectively the Department of Labor, Equal Employment Opportunity Commission, and the National Labor Relations Board play a pivotal role in almost every dimension of employment in the nation. This inaugural panel discusses recent developments in the regulatory regimes of each and grades their performance over the four years of the Trump Administration. Greg Jacob moderates the discussion and presses our speakers about the fairness and accuracy of their grades.Featuring:- David Fortney, Co-Founder, Fortney & Scott LLC, and former Chief Legal Officer, U.S. Department of Labor- Leon Sequeira, Former Assistant Secretary of Labor for Policy, U.S. Department of Labor- Glenn Taubman, Staff Attorney, National Right To Work Legal Defense Foundation- Gregory Jacob (Moderator), Partner, O'Melveny & Myers LLP, and former Counsel to Vice President Pence and Deputy Assistant to the PresidentVisit our website – www.RegProject.org – to learn more, view all of our content, and connect with us on social media.

Deep Dive 199 – Pass or Fail? Grading the NLRB, EEOC, and DoL

Collectively the Department of Labor, Equal Employment Opportunity Commission, and the National Labor Relations Board play a pivotal role in almost every dimension of employment in the nation. This inaugural panel discusses recent developments in the regulatory regimes of each and grades their performance over the four years of the Trump Administration. Greg Jacob moderates the discussion and presses our speakers about the fairness and accuracy of their grades.Featuring:- David Fortney, Co-Founder, Fortney & Scott LLC, and former Chief Legal Officer, U.S. Department of Labor- Leon Sequeira, Former Assistant Secretary of Labor for Policy, U.S. Department of Labor- Glenn Taubman, Staff Attorney, National Right To Work Legal Defense Foundation- [Moderator] Gregory Jacob, Partner, O'Melveny & Myers LLP, and former Counsel to Vice President Pence and Deputy Assistant to the PresidentVisit our website – www.RegProject.org – to learn more, view all of our content, and connect with us on social media.

Drones are rapidly becoming part of our everyday lives, and society will soon need to grapple with profound issues related to property, privacy, and nuisance. While drones are aircraft, the laws governing aircraft may soon be challenged as drones operate closer to the ground and in airspace never before occupied by manmade flying objects. The unique flying capability of drones is what makes them so valuable and is what will challenge settled laws, individual rights, and liberties.The editor and two of the co-authors of "Eyes to the Sky: Privacy and Commerce in the Age of the Drone" joined us for a panel discussion of these legal and policy issues and more.Featuring:- Matthew Feeney, Director, Project on Emerging Technologies, Cato Institute- Brent Skorup, Senior Research Fellow, Mercatus Center, George Mason University- Gregory S. Walden, Partner, Dentons- [Moderator] Gregory McNeal, Professor of Law and Public Policy, Pepperdine University and Co-Founder, AirMapVisit our website – www.RegProject.org – to learn more, view all of our content, and connect with us on social media.

Deep Dive 198 – Eyes to The Sky: Privacy, Property, Innovation, and Commerce in The Age Of The Drone

Protecting and preserving competition are the key objectives of U.S. antitrust laws, which are all phrased as prohibitions: on agreements "in restraint of trade," of mergers and acquisitions where the effect "may be substantially to lessen competition, or to tend to create a monopoly," and on "unfair methods of competition." In a July 2021 Executive Order, the Biden Administration directed agencies to pursue 72 specific initiatives to tackle what are seen as our most pressing competition problems. Will these initiatives enhance the role of competition, or are they instead initiatives that would replace the outcomes of competitive markets with regulatory requirements? Both views have strong champions and well-articulated views. A distinguished panel joined us to lay out the arguments and implications of these important policy choices.Featuring:- Neil Averitt, Opinion Columnist, FTC:Watch- Howard Beales, Professor Emeritus of Strategic Management and Public Policy, School of Business, The George Washington University- Robert Bork, Jr., President, Antitrust Education Project- Ioana Marinescu, Associate Professor, School of Social Policy & Practice, University of Pennsylvania and Faculty Research Fellow, National Bureau of Economic Research- [Moderator] Jane Luxton, Managing Partner - Washington, D.C., Lewis Brisbois Bisgaard & Smith LLPVisit our website – www.RegProject.org – to learn more, view all of our content, and connect with us on social media.

Deep Dive 197 – Competition at a Crossroads: Will the Executive Order on Competition Advance Competition, or Restrict It?

The Bureau of Alcohol, Tobacco, Firearms, and Explosives (BATFE) in 2012 determined that forearm stabilizing braces for firearms serve a legitimate function and do not automatically subject a firearm to the strict requirements of the National Firearms Act of 1934. In December 2020, however, the BATFE proposed new regulations that could subject almost all firearms with forearm stabilizing braces to the NFA. On August 31, 2021, an expert panel joined us for a discussion on the proposed rule and how it fits into wider debates over agency rulemaking on controversial issues.Featuring:- Michael D. Faucette, Associate, Wiley Rein- Paul Helmke, Professor of Practice and Director, Civic Leaders Center, Paul H. O'Neill School of Public and Environmental Affairs, Indiana University- [Moderator] John Shu, Attorney and Legal CommentatorVisit our website – www.RegProject.org – to learn more, view all of our content, and connect with us on social media.

Deep Dive 196 – Brace Yourself: Discussing The ATF’s Rulemaking On Forearm Stabilizing Braces

In June, President Biden revoked a Trump-era executive order that sought to ban TikTok and WeChat, and replaced it with a new executive order directing the government to review the security threats posed by foreign-controlled software applications. "The Federal Government should evaluate these threats through rigorous, evidence-based analysis," Biden's order dictated, "and should address any unacceptable or undue risks consistent with overall national security, foreign policy, and economic objectives, including the preservation and demonstration of America's core values and fundamental freedoms."An expert panel joined us to break down the order and its implications for the apps it targets as well as for future relations between the United States and its foreign adversaries, such as China.Featuring:- Jennifer Hay, Senior Director for National Security Programs, DataRobot- Jamil N. Jaffer, Founder & Executive Director, National Security Institute and Director, National Security Law & Policy Program and Assistant Professor of Law, Antonin Scalia Law School- Margaret Peterlin, Adjunct Lecturer, The Bush School of Government & Public Service, Texas A&M University- [Moderator] Matthew Feeney, Director, Project on Emerging Technologies, Cato InstituteVisit our website – www.RegProject.org – to learn more, view all of our content, and connect with us on social media.

Deep Dive 195 – President Biden’s Executive Order on Foreign-Controlled Apps

In September 2020, the Centers for Disease Control and Prevention (CDC) issued its first nationwide eviction moratorium. Since then, the CDC renewed the moratorium several times and most recently issued a new eviction moratorium that is substantially the same as prior versions, but its applicability depends on COVID-positivity rates in each jurisdiction. Under the CDC eviction moratorium orders, state courts are prohibited from proceeding with eviction proceedings if the renter asserts that he cannot pay his rent as a result of the pandemic. The private property owners are required to allow the non-paying renter to live rent-free, until the renter can pay at a later, unspecified date.Following the CDC's first eviction moratorium, lawsuits were filed across the country. Many of them arguing that the federal government lacked the constitutional and statutory authority to stop state court eviction proceedings. As federal courts declared the CDC eviction moratorium unconstitutional and illegal, housing advocates rallied around the eviction moratorium in an effort to keep renters housed in their rental properties. And both sides – the private property owners and renters – all sought relief that never came from Congress and state legislatures. Many questions remain. In this virtual event, top experts dove deep into the CDC eviction moratorium, the legal issues, and the relief sought by both landlords and renters.Featuring:- Lawrence Gostin, University Professor, Founding Linda D. & Timothy J. O'Neill Professor of Global Health Law, Faculty Director of O'Neill Institute for National & Global Health Law, Georgetown University; Director, World Health Organization Collaborating Center on Public Health Law & Human Rights- Luke Wake, Attorney, Pacific Legal Foundation- [Moderator] Kimberly Hermann, General Counsel, Southeastern Legal FoundationVisit our website – www.RegProject.org – to learn more, view all of our content, and connect with us on social media.

Deep Dive 194 – Examining the CDC's Eviction Moratorium

The decision in United States v. Arthrex was extremely fractured, with a mix of majority, concurring, and dissenting opinions that cut across traditional jurisprudential divisions on the Supreme Court. Although the split majority held that the appointment of the Administrative Patent Judges at the Patent Trial & Appeal Board (PTAB) violates the Appointments Clause, the Court ultimately remedied this constitutional violation by revising the America Invents Act to give the Director of the U.S. Patent & Trademark Office (USPTO) more direct review and control over the decisions reached by the PTAB concerning the validity of patents. Although this makes the PTAB decision-making process at the USPTO more like the adjudicatory processes at other agencies, in which agency heads have direct oversight and control over their administrative law judges, it raises fundamental questions about the PTAB process created by Congress, which was supposed to consist of solely legal analyses of the statutory conditions for patentability, free from political influence.Some have criticized the PTAB's operations for significant due process problems and other "shenanigans," but others have defended the PTAB as serving an important function as a corrective mechanism for mistakenly-issued patents that undermine the efficient operation of the innovation economy. This panel of experts discussed Arthrex and the ultimate effects that it may have in patent law, administrative law, and the innovation economy.Featuring:- Gary Lawson, Philip S. Beck Professor of Law, Boston University School of Law- Kristen Osenga, Austin E. Owen Research Scholar & Professor of Law, University of Richmond School of Law- Jonathan Stroud, Chief IP Counsel, Unified Patents- [Moderator] Jennifer Mascott, Assistant Professor of Law and Co-Executive Director, C. Boyden Gray Center for the Study of the Administrative State, Antonin Scalia Law SchoolVisit our website – www.RegProject.org – to learn more, view all of our content, and connect with us on social media.

Deep Dive 193 – Arthrex: The End of Patent Exceptionalism in the Administrative State?

On June 21, 2021, the Court of Appeals for the Ninth Circuit ruled a shareholder-plaintiff had standing to sue California's Secretary of State. Creighton Meland, a shareholder at OSI Systems, Inc., sued alleging that Senate Bill 826, which was signed into law in 2018, violates the Fourteenth Amendment because it requires corporations to elect a sliding scale quota of women to corporate board member seats. The District Court ruled Meland had no standing because SB 826 governed corporations, not shareholders, and at the time of Meland's suit OSI was in compliance so any controversy was moot.The Ninth Circuit disagreed, allowing Meland's suit to go forward by finding that the practical effect of SB 826 was to govern shareholders and direct them to vote on the basis of gender to avoid the imposition of fines or penalties for noncompliance. The court further held that Meland's suit alleged a direct harm and did not rely on prudential standing since he alleged personal harm rather than injury to the corporate entity.Here to discuss the merits of the underlying law and the likely next steps in the current litigation are Professor Ann Ravel of Berkeley Law, a former Commissioner and Chair at the Federal Election Commission, who helped negotiate a $310 million settlement against Google resulting in the creation of a corporate-level diversity, equity, and inclusion initiative, and Anastasia P. Boden, an attorney in Pacific Legal Foundation's Economic Liberty Project and lead counsel in the Meland v. Weber litigation. Our speakers are joined by moderator Megan Brown, a Partner at Wiley Rein LLP. Featuring:- Anastasia P. Boden, Senior Attorney, Pacific Legal Foundation- Ann Ravel, Lecturer, Berkeley Law and Former Commissioner and Chair, Federal Election Commission- [Moderator] Megan Brown, Partner, Wiley Rein LLPVisit our website – www.RegProject.org – to learn more, view all of our content, and connect with us on social media.

Deep Dive Episode 192 – Gender Based Board Quotas, the Fourteenth Amendment, and Meland v. Weber

In June, President Biden signed into law a bill that repealed changes to Environmental Protection Agency methane emissions regulations made by the Trump administration. In this episode, Professor Jonathan Adler joins the podcast to provide context to this development and to discuss the underlying legal and environmental issues at play.Featuring:- Jonathan H. Adler, Johan Verheij Memorial Professor of Law and Director, Coleman P. Burke Center for Environmental Law, Case Western Reserve University School of LawVisit our website – www.RegProject.org – to learn more, view all of our content, and connect with us on social media.

Explainer 29 – The EPA's Methane Emissions Rule

"A Dubious Expediency: How Race Preferences Damage Higher Education" is a collection of eight essays written by experts in the field examining and analyzing the impact of racial diversity preferences and identity politics in American colleges and universities. The book's title comes from a 1976 California Supreme Court opinion in Bakke v. UC Regents authored by Justice Stanley Mosk, who wrote: "To uphold the [argument for race-preferential admissions] would call for the sacrifice of principle for the sake of dubious expediency and would represent a retreat in the struggle to assure that each man and woman shall be judged on the basis of individual merit alone, a struggle which has only lately achieved success in removing legal barriers to racial equality." In the book, the authors take up the question of race-based preferences in higher education, arguing that mounting empirical evidence shows race-based solutions cause long term harm both to intended beneficiaries and to society as a whole.Featuring:- Gail Heriot, Professor of Law, University of San Diego School of Law- Maimon Schwarzschild, Professor of Law, University of San Diego School of LawVisit our website – www.RegProject.org – to learn more, view all of our content, and connect with us on social media.

Deep Dive 191 – Talks with Authors: A Dubious Expediency

The Congressional Review Act (CRA) was used in 2017 to overturn 15 rules issued near the end of the Obama administration. The shift in political control in the White House and Congress this year set the stage for a possible repeat with respect to Trump administration rules. The CRA's period for expedited congressional procedures (free of the Senate filibuster) has now expired for late Trump era regulations, and Congress overturned only three such rules. On June 24, Congress finished action to repeal the EEOC conciliation rule and the OCC (Comptroller) true lender rule, and it took final action to repeal the EPA methane rule the following day. President Biden has since signed all three resolutions, making them law.This latest cycle of CRA actions merit general exploration as well as consideration of the specific rules at issue. What process did Congress use to disapprove the three rules? Why did it use the CRA relatively sparingly this year, and what will the impact be of the three disapprovals? The answers to the last two questions are arguably related. When Congress uses the CRA to repeal federal regulations, the respective agencies are automatically barred from issuing another rule that is "substantially the same" as the one disapproved without new statutory authorization. Though there is no court ruling on what the CRA's anti-circumvention clause means, the resulting uncertainty may have skewed the CRA's use in interesting ways.In this live podcast, Todd Gaziano and Professor Jonathan Adler discuss the CRA, how it has been used, and the ramifications of its use on the three rules this year and on future federal regulations.Featuring:- Todd F. Gaziano, Chief of Legal Policy and Strategic Research and Director, Center for the Separation of Powers, Pacific Legal Foundation- Jonathan H. Adler, Johan Verheij Memorial Professor of Law, Director of the Center for Business Law & Regulation, Case Western Reserve University School of LawVisit our website – www.RegProject.org – to learn more, view all of our content, and connect with us on social media.

Deep Dive 190 – The Implications of the Latest Congressional Review Act Disapprovals

The Regulatory Transparency Project promotes a national conversation about the benefits and costs of federal, state, and local regulatory policies and explores areas for possible improvement.On RTP’s Fourth Lunch Podcast, leading experts discuss the pros and cons of government regulations and explain how they affect everyday life for Americans.

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RTP's Fourth Branch Podcast

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