The GAO shall conduct a study of the feasibility of forming a self-regulatory organization to oversee private funds, private equity funds and venture capital funds. and
Dodd’s bill, however, would allow each state to create its own set of regulations. Not only could that become a paperwork nightmare (read: larger legal/accounting costs), but it also could delay startup fundings if one state has a longer waiting period than another.
1) Code is notoriosly difficult to describe in a natural language, so it's unlikely papers contain enough detail to replicate a complex program.
2) People can still reimplement the model even when it's available. In fact it's going to be more likely that non-scientists join the convesation (which will improve the abysmall public perception of science, especially climate science).
3) Making money is great for an inventor and/or startup founder. You can still sell implementations, but they can't be trusted until they have been run on a large number of independent computers. Until then, it's not science.
The GAO shall conduct a study of the feasibility of forming a self-regulatory organization to oversee private funds, private equity funds and venture capital funds. and
Dodd’s bill, however, would allow each state to create its own set of regulations. Not only could that become a paperwork nightmare (read: larger legal/accounting costs), but it also could delay startup fundings if one state has a longer waiting period than another.
In short, nothing good.