News bites: Obama to lay out plan to replace Fannie, Freddie

The Federal Energy Regulatory Commission is threatening to slap BP with a $28 billion fine over alleged suspicious trading, according to The Guardian. BP denies any wrongdoing.

Companies are beginning to take advantage of JOBS Act regulations designed to make it easier to make initial public offerings, The Washington Post reports.

The Government Accountability Office (GAO) is calling for clarification of the Food and Drug Administration’s regulatory authority over compounding pharmacies, according to The Kansas City Star.

The latest from RegWatch:

The oil-and-gas industry huddled with Obama administration officials to complain about renewable fuel standards.

Safety groups derided a federal court ruling on new hours of service regulations from truckers.

The Environmental Protection Agency unveiled new standards for gas storage tanks.

A federal court in New Mexico temporarily halted the planned opening of horse slaughterhouses following a six-year ban on the practice.

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