News bites: Microsoft faces big fine over web browser violation

The European Union is leveling a $731 million fine against the software company for failing to offer consumers a choice of web browsers, Reuters reports.

The US. State Department foresees an active role in helping the energy industry implement new rules stemming from the Dodd-Frank financial reform law, according to The Hill's E2 Wire blog.

The Transportation Security Administration will soon allow fliers to carry small knives on planes, The Wall Street Journal reports.

Opinion: The Federal Communications Commission’s 2013 budget request belies the true cost of its regulations, CEI’s Ryan Young opines in The Washington Times.

Now on RegWatch:

Pressure mounts for the Obama administration to fill post at “the most powerful office you never heard of.”

The SEC set higher fines for insider trading violations.

The FAA moved to curb cockpit distractions.

Sen. Shelby unveiled bills to modify elements of Dodd-Frank

Watchdog groups alleged that Chevron broke law on donation to GOP

Experts testified that legislation aiming to give Congress power over regulations is constitutional.