1. Discuss, using external sources to back up your assertions, the ability of agencies to create regulations that have the force and effect of law? Is
congressional or executive approval of these regulations a sufficient check on the quasilegislative power of the agencies?
2. Congress passes a statute that charges the Securities and Exchange Commission (SEC) with enacting regulations that allow for faster and easier private
offerings of securities for sale by private companies. The statute provides the primary objectives but leaves it up to the SEC to develop the procedural rules. What is
the process the SEC should undertake in carrying out this charge?