In 1996, Congress passed legislation, the Health Insurance Portability and Accou

Question

In 1996, Congress passed legislation, the Health Insurance Portability and Accountability Act (HIPAA), requiring health care providers to protect the privacy of patient information.

This is an example of     (Click to select)   increased regulation   deregulation  .

b) In 2010 Congress passed legislation, the Dodd-Frank Wall Street Reform and Consumer Protection Act, imposing more rules on financial corporations.

This is an example of     (Click to select)   deregulation   increased regulation  .

c) In 1999 Congress passed legislation, the Financial Services Modernization Act, allowing banks, among other things, to sell insurance.

This is an example of

Explanation / Answer

Ans a)

They have made addition into act hence it is an example of Increased regulation

Ans b)

This again is the example of Increased regulation as no rules are relaxed even in this case

Ans c)

Relaxation of rules for banking sector so that they can sell insurance hence an example of deregulation

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