I agree with this description and characterization of the Regulatory Branch. We can hope this is the beginning of the end of its rise, but keep in mind that the rise of the regulatory branch has served the (personal) interests of the legislators of both parties, who are increasingly hesitant to cast votes on anything.
Or cast votes just to find out whats in it.
With Øcare and other bills, they now write the laws in such a way as to give deference after the fact to regulatory agencies. I recall hearing that the regulatory fallout of Øcare was double the already voluminous bill.