9/14/17
Regulatory Structure “Independence” An Independent Regulatory Agency is a governmental instrumentality created to interpret, implement, administer, monitor, and enforce statutory law within the limits of its delegated authority and to act and make decisions based on law and legal considerations ---
NOT POLITICAL CONSIDERATIONS
“Independent”
• Does not mean:
• “Separate and Apart From” • “Free of Constraints” • “Unaccountable for its Acts & Decisions” • It Means: • Reasonably Insulated from Political Interference with its Decision making Processes in the Implementation and Enforcement of Civil Regulatory Law.
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