To clarify, I wasn't really commenting on the validity on any particular regulation so much as on the idea that "it's time for the pendulum to swing the other way." which seemed to imply (to me, anyway) that it's better to do something, anything, rather than doing what we're doing. I agree that doing effective things is better than nothing, but I think doing ineffective things is worse than nothing.

As to your second point, I also wish we spent more time adding features and fixing bugs from past legislation. I don't think that happens nearly enough, which is a major reason I don't trust our ability to just fix shoddy regulation after the fact.