If I were in charge (I never will be), my first inclination would be to not restrict high risk climbing. But then I wouldn't be able to shake the feeling that a hands off approach would be that simple. I'd want to understand the drawbacks of people dying on the mountain. I'd be concerned with being responsible for rescue costs, being vilified for not making rescue attempts, the cost of medical treatments, the lives lost in attempting to make rescues, any correlations between deaths & the number of climbing attempts made (is it scaring people away, attracting even more, etc.), how the press coverage affects Nepal's public image, and so on. In the end, banning high risk climbing might simply be a good & conservative decision.
It's two distinct groups. If there is overlap there'll likely be ideas like fining someone after a rescue unless they have insurance, & then leaving it up to insurance companies to decide about solo climber coverage
Same could be said here. If there is a specific financial bidder you’re trying to solve, then create a focused law that specifically aims to resolve the point at hand. I really hate these broad-stroke lazy regulations. I’d like to think professional lawmakers would be experts at this.
I think that would be a giant step towards more focused laws, and certainly towards more honestly worded laws, and in many cases it may well be that this would lead a court to direct the legislative to find a different solution or risk having the law struck down.
A large problem with overly broad laws today is simply that legislatives can get away with passing poorly thought out laws and misleading laws because there is no real consequence to it: the judicial system is forced to try to make the best of it if the laws are ridiculous or over-broad, and can't even go "hold on, this law is saying something completely different than what you pretended it was for when you convinced people to vote for it".
You posit a valuable and worthwhile hypothesis. I would appreciate it if you could show conclusive evidence that any solo climber of Everest who died requested as you claim that "government go search" when they went missing. Thank you.