A lax approach to regulation 

State lawmakers are considering deep cuts to existing licensing fees and encouraging industries to privatize their regulatory structure -- i.e. regulate themselves.

A state study found that 18 of the 23 state professional oversight boards are running surpluses -- eight over $1 million.

The solution? "Let's reduce the cost to overburdened licensees," says Republican Rep. Mark Ogles of Bradenton, who chairs the House Business Regulation and Consumer Affairs Committee.

So, the less the regulators spend regulating, the more that's evidence that the regulated businesses are "overburdened" by regulatory fees?

Last year engineers won legislative approval to regulate themselves. Other foxes can be expected to volunteer for duty watching their respective chicken coops.

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More by Ericson, Edward Jr.


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