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In countries other than the US, most regulatory bodies are outside the government for exactly that reason - to take the power away from the political elite, whilst continuing to ensure safety and reason come first.
The new law the US is proposing here, is the exact opposite. A kingly appointed adjudicator to decide things.
Whether or not you agree with how US laws are drafted, this administration has no logical foundation for anything it does which is a massively different and worse problem by orders of magnitude.
This administration runs on whims. This is horrifying and there is real harm in this we have yet to see the full repercussions of.