Deregulation

Deregulation is the process by which governments removed selected regulations on business in order to encourage the efficient operation of markets.

Table of contents showTocToggle("show","hide") 1 United States 1.1 Related Legislation 2 Japan 3 New Zealand

United States

Deregulation was a major trend in the United States in the last quarter of the twentieth century. A number of major deregulation initiatives were passed. Some of these were withdrawn quickly (but not quickly enough to avoid major problems), including the deregulation of savings and loans[?]. American savings banks, which were permitted to lend unfettered, had their depositors funds insured by the federal government, creating a moral hazard. Others have been considered more widely successful, including deregulation of transportation, the gas market[?], and the electricity market. At the beginning of the twenty-first century, the media market was significantly deregulated.

Related Legislation

• 1976 - Hart-Scott-Rodino Antitrust Improvements[?] PL 94-435
• 1978 - Airline Deregulation Act PL 95-504
• 1978 - National Gas Policy Act[?] PL 95-621
• 1980 - Depository Institutions Deregulation and Monetary Control Act[?] PL 96-221
• 1980 - Motor Carrier Act PL 96-296
• 1980 - Staggers Rail Act[?] PL 96-448
• 1982 - Bus Regulatory Reform Act[?] PL 97-261
• 1989 - Natural Gas Wellhead Decontrol Act[?] PL 101-60
• 1992 - National Energy Policy Act[?] PL 102-486
• 1996 - Telecommunications Act[?] PL 104-104
• 1999 - Gramm-Leach-Bliley Act PL 106-102

Japan

Since the economic buble in 1990s collapsed, the Japanese government has seen deregulation as effective way to life its economy because it has a huge deficit and cannot conduct a large tax-cut[?].

New Zealand

to be added