News bites: Obama’s selection for regs chief comes from government, academia

Also on RegWatch:

The Financial Stability Oversight Council (FSOC) released its third annual report looking at lingering threats to economic recovery.

A commissioner on the Commodity Futures Trading Commission (CFTC) said the hacking of The Associated Press’s Twitter feed deserves scrutiny from regulators.

House Energy and Commerce Committee Chairman Fred Upton (R-Mich.) vowed to move legislation giving regulators more power to track prescription drugs.

Sen. Frank Lautenberg (D-N.J.) introduced a bill targeting firms who dodge chemical reporting requirements, following last week’s explosion in Texas.

Lawmakers introduced legislation to create new standards for egg labeling and the treatment of hens.

Senators released a report urging new regulations to crack down on international money laundering.

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