News bites: Regulators rein in Twitter, Google, Skype

In Britain, regulators are following the United States and other major countries in overhauling its financial regulation system in response to the global economic crisis, according to the Times.

Back in the USA, The Federal Aviation Administration announced its approval of Boeing’s battery fix for the firm’s grounded 787 “Dreamliner.”  The Hill’s Transportation blog reports.

The National Highway Traffic Safety Administration is probing whether to add more than 1 million GM vehicles to a 2009 recall prompted by brake light problems, according to the Los Angeles Times.

Now on RegWatch:

Business groups are pushing financial regulators to adopt strict cost-benefit analysis procedures as they weigh new rules.

It is not clear who is in charge these days at the White House’s Office of Information and Regulatory Affairs.

Democratic Sen. Bob Menendez urged the Securities and Exchange Commission to move forward with a rule requiring CEO’s at publicly trade firms to disclose their salaries.

GOP Rep. Scott Garrett, meanwhile, introduced legislation to rein in SEC rulemaking.

The White House is considering revisions to the Race to the Top educational grant competition.

A new study pans self-regulation of junk food ads.

Have a regulatory news tip? Send it to bgoad@thehill.com or mwilson@thehill.com.