Money & Company

| Main |

Regulation czar post expected to get a boost under Obama

9:07 PM, January 7, 2009

Cass Sunstein, a longtime University of Chicago legal scholar and prominent author, is set to take up a key cause in the Barack Obama administration: regulation.

The president-elect is expected to name Sunstein –- his friend and informal advisor -– to head the Office of Information and Regulatory Affairs, a transition official said late Wednesday.

A low-profile position in the current administration, the job is likely to be a higher-wattage one after Obama takes office this month.

CasssunsteinObama has promised an overhaul of federal regulation, specifically of the U.S. financial markets, and Sunstein’s job description suggests a more sweeping agenda.

"This office is in charge of coordinating and overseeing government regulations," a transition official said Wednesday, "and a smarter approach to regulation is key to making government work better and getting better results in terms of protecting health, the environment, etc."

Besides that, Sunstein brings a measure of star power to the post, as a leading constitutional scholar and the Felix Frankfurter Professor of Law at Harvard. He joined the Harvard faculty this year after many years at the University of Chicago, where he is still a visiting professor.

Along with economist Richard Thaler, Sunstein is co-author of the popular current book "Nudge: Improving Decisions about Health, Wealth, and Happiness." In it, the two examine how setting up thoughtful "choice architecture" can encourage people to make beneficial choices without restricting their freedom to choose.

Sunstein is the author of many other books and articles, and much of his recent work is devoted to exploring the relationship between law and human behavior.

He is a graduate of Harvard Law School and a former clerk to Justice Thurgood Marshall. He also served as an attorney and advisor in the Office of the Legal Counsel in the Justice Department.

Sunstein married Harvard professor and Pulitzer Prize winner Samantha Power after the two met on the Obama campaign. He has been mentioned as a possible Obama nominee to the Supreme Court.

-- Christi Parsons

Photo: Cass Sunstein (credit: University of Chicago)

TrackBack

TrackBack URL for this entry:
http://www.typepad.com/services/trackback/6a00d8341c630a53ef010536b2b077970b

Listed below are links to weblogs that reference Regulation czar post expected to get a boost under Obama:

Comments
Post a comment
If you are under 13 years of age you may read this message board, but you may not participate.
Here are the full legal terms you agree to by using this comment form.

Comments are moderated, and will not appear until they've been approved.

If you have a TypeKey or TypePad account, please Sign In





Recent Comments
House Democrats detail surtaxes to pay for healthcare bill
This is a terrible plan that benefits th...
comment by DHK
House Democrats detail surtaxes to pay for healthcare bill
THIS IS IT! The healthcare reform bill ...
comment by jacksmith
Online market for California IOUs may launch Wednesday
The next time you take a bite of that Mc...
comment by Dr.NosePikens
House Democrats detail surtaxes to pay for healthcare bill
I hope, for the first time in my life, t...
comment by larry
House Democrats detail surtaxes to pay for healthcare bill
Business thinks health insurance is too ...
comment by Karen
House Democrats detail surtaxes to pay for healthcare bill
For us over 65 types, we are waiting to ...
comment by Robert Chapman
Our Blogger
Tom Petruno
Tom Petruno
Tom Petruno has been chronicling financial markets' highs and lows since 1979, and has been the Times' financial columnist since 1990. He writes on markets, corporate finance and the economy, and how it all ties in to individual investors' portfolios.

INVESTING TIPS AND TOOLS

Quote:

Finance Tools

DJIANASDAQSPX