3 ms·
The $21k is standard regulatory boilerplate and simply notes the maximum statutory rate.[1] If the NHTSA really wanted his company dead, they'd have already gon
by smallnamespace 10y ago
The $21k is standard regulatory boilerplate and simply notes the maximum statutory rate.[1] If the NHTSA really wanted his company dead, they'd have already gone to a judge to get an injunction to shut him down.
Yes, regulatory capture exists, and incumbents often benefit from it. But I'm having trouble seeing how this particular case is a 'shake down' -- the NHTSA is simply asking him to follow the law, which he should be doing anyway.
[1] https://www.federalregister.gov/documents/2016/03/01/2016-04311/civil-penalty-factors https://www.federalregister.gov/documents/2016/03/01/2016-04...