The IMF was both late in detecting the problem and ineffective in getting the government to act.

CNN: This monetary body would limit Crisis spillover effects

She said the proposed Interstate Horse Racing Improvement Act would remove oversight from a hodgepodge of seemingly ineffective state commissions.

CNN: STORY HIGHLIGHTS

The existing law that regulates chemical safety, the Toxic Substances Control Act, was written in the 1970s and is ineffective and outdated.

CNN: Are toxic chemicals putting your family at risk?