Skip to main content Accessibility help
×
Hostname: page-component-78c5997874-j824f Total loading time: 0 Render date: 2024-11-03T01:48:49.166Z Has data issue: false hasContentIssue false

14 - Administrative Politics with Clear Stakes and Venues: Strategic Commenting upon Federal Reserve Debit Card Regulations

from Part IV - Outside The Public Eye? Private Interests and Policymaking

Published online by Cambridge University Press:  09 February 2023

Charles M. Cameron
Affiliation:
Princeton University, New Jersey
Brandice Canes-Wrone
Affiliation:
Stanford University, California
Sanford C. Gordon
Affiliation:
New York University
Gregory A. Huber
Affiliation:
Yale University, Connecticut
Get access

Summary

Daniel Carpenter and Brian Libgober conclude Part IV by examining policymaking that originates in the bureaucracy, focusing on debit card regulation under the Dodd-Frank Act. Here, key interest groups precisely understood the stakes and process of bureaucratic policymaking, rendering it highly traceable. In addition, the stakes were quite zero-sum. The authors argue that these conditions encourage more intense and effective interest group activity than is the case in typical administrative policymaking. To assess this argument, the chapter provides a detailed narrative of the rule’s development, integrating quantitative evidence about the impact of the rule’s evolution on stakeholder firms. Consistent with expectations, the analysis suggests that debit card regulation attracted more lobbying and of a more diverse kind than other Dodd-Frank regulations, including ones such as the Volcker Rule where the aggregate impact was far higher but with less readily traceable policy effects. These findings highlight that even in administrative policymaking, the traceability of policy outcomes to government officials’ decisions will affect how private interests act to shape these decisions.

Type
Chapter
Information
Accountability Reconsidered
Voters, Interests, and Information in US Policymaking
, pp. 311 - 333
Publisher: Cambridge University Press
Print publication year: 2023

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

Save book to Kindle

To save this book to your Kindle, first ensure [email protected] is added to your Approved Personal Document E-mail List under your Personal Document Settings on the Manage Your Content and Devices page of your Amazon account. Then enter the ‘name’ part of your Kindle email address below. Find out more about saving to your Kindle.

Note you can select to save to either the @free.kindle.com or @kindle.com variations. ‘@free.kindle.com’ emails are free but can only be saved to your device when it is connected to wi-fi. ‘@kindle.com’ emails can be delivered even when you are not connected to wi-fi, but note that service fees apply.

Find out more about the Kindle Personal Document Service.

Available formats
×

Save book to Dropbox

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Dropbox.

Available formats
×

Save book to Google Drive

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.

Available formats
×