News bites: Global regs curbing growth, World Bank says

A “tangle of onerous regulations the world over,” is stifling private sector growth, according to The Wall Street Journal, which cites a report released by the World Bank this week.

Democrats and Republicans are deriding stiff criminal penalties or those who unwittingly violate federal regulations, RegWatch reports.

The Food and Drug Administration (FDA) has concluded that 12 percent of spices imported to the U.S. are contaminating with insect parts, whole insects and rodent hairs, among other things, according to The New York Times.

U.S. financial regulators are proposing new liquidity rules that would require banks keep more assets on their books, RegWatch reports.

More on RegWatch:

A group of congressional Democrats renewed the push legislation to toughen federal gun control restrictions.

Labor Secretary Tom Perez declared his love for the job in a blog post touting the agency’s regulatory achievements during his first 100 days at the helm.

Democrats accused the White House of being soft on tobacco during trade negotiations,

Lawmakers pressed the Securities and Exchange Commission (SEC) to move forward with regulations forcing publicly traded frms to disclose their political spending to shareholders.

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