Reregulation

Reregulation refers to the process of revisiting and modifying existing rules and policies within an industry or sector. It often occurs after a period of deregulation or minimal oversight, aiming to address new issues, improve safety, ensure fair competition, or protect consumers. Reregulation can involve tightening restrictions, introducing new standards, or implementing oversight mechanisms to better manage risks and promote stability. It’s a way for governments or regulatory bodies to adapt to changing circumstances, maintain order, and ensure that the industry operates in a way that benefits the public and the economy.