Legislative Overkill

Legislative Overkill

A pejorative term referring to a law that intends to close or prevent the abuse of a loophole but instead imposes new restrictions. Some believe that most regulation comes from legislative overkill, though others dispute this. For example, libertarian critics of the Sarbanes-Oxley Act argue that the law in fact did more harm than good by imposing excessive requirements that hurt profits and by extension the economy.
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My favorite legislative overkill was a bill by Rep.
The European Parliament is right to ensure that improving air passenger safety does not lead to legislative overkill and breach of data protection laws.
1690 would redress the legislative overkill of the current PFIC provisions by exempting controlled foreign corporations from those rules.
Accountants subject to a quality or peer review program have expressed the thought in their correspondence with NSPA that the extension of quality review to non-assurance financial statements is a clear case of legislative overkill.
The proposed legislative remedy here strikes at the very heart of legislative overkill versus self-regulation through better business models and policies," said Michael Jones, president of IDEA OASIS.
The PFIC provisions -- which themselves are a prime example of legislative overkill -- were enacted to prevent the very situation that the Administration now seeks to address: to eliminate deferral on passive assets.
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