Regulate the regulators? Seems like you'll successfully legislate a logic loop that never ends. Obviously these new regulators who regulate the regulators will in fact need regulators to regulate how they regulate the regulators.

Reminds me of the Hermes song from Futurama.

https://www.youtube.com/watch?v=CgVcSrXXU1s

You say that as if lawmakers never at least try to work closely with those experts or even have some expertise themselves (hint, they do).