Much of the regulation was created for good reason but it is hard to argue that there aren't a lot of regulation that is merely special interest to prevent comp

Much of the regulation was created for good reason but it is hard to argue that there aren't a lot of regulation that is merely special interest to prevent competition or grant special favor. Rather than more regulation, perhaps more transparency is a better solution. 3rd party certification would do a much better job at security than a government regulation. And have much less abuse and overhead.