This issue of the quarterly newsletter of the Institute for Research on Educational Finance and Governance contains five articles summarizing five papers on the regulation of education that were originally presented at the institute's Law and Education Seminar. Each summary was written by the author of the original paper. David Kirp's article treats the changing nature of federal regulation and the proper relationship between federal and state governments in educational policy matters. Guy Benveniste discusses the effects of imposing regulatory controls at different stages in the implementation of programs. Charles Benson draws on the recent history of vocational education to illustrate the rise of federal regulation and the frustrations regulation has caused. Current arguments concerning deregulation are reviewed by William Clune. Ann Swidler's summary considers the role of regulation in an individualistic society with a deep historical antipathy to centralization of authority. A supplement to the newsletter summarizes a doctoral dissertation by Mary Bankston on the subject of the organizational reporting demanded of school districts by the accountability requirements of state and federal programs. (PGD)