51.   Still, Congress members know that if they can regulate an industry, they can hit it up for campaign donations.

52.   That would suit the Finance Ministry, which regulates the industry and long protected banks from going under.

53.   That leaves a pending proposal by the Food and Drug Administration to regulate the industry as the biggest cloud over tobacco.

54.   The agency has the dual job of protecting consumers as well as regulating the industry.

55.   The banks counter by pointing to a series of cases in which courts have allowed competitors to challenge a statute regulating an industry.

56.   The bigger question is whether the government can regulate an industry that has become so incestuous.

57.   The bookies have begun to mount their own lobbying effort in Washington, and are currently searching for a sponsor of legislation that would legalize and regulate their industry.

58.   The clause that was struck would create a state agency to regulate the industry.

59.   The Bureau of Alcohol, Tobacco and Firearms, which regulates the industry, does impose some limits.

60.   The dispute is one of many pitting the safety board against the agencies, like the railroad administration and the Federal Aviation Administration, that actually regulate transportation industries.