Excessive regulations are preventing the labor market from recovering, as companies are unable to invest and hire while they fret over compliance, says William M. Isaac, former chairman of the Federal Deposit Insurance Corp. (FDIC).

New regulations, including those outlined in the Dodd-Frank financial-overhaul legislation as well as the Patient Protection and Affordable Care Act, are also preventing smaller banks from lending to smaller businesses, which further prevents job-creating endeavors from getting off the ground.

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