Why can't the government do something about spam? (Score 2, Interesting)

We keep hearing a lot about spam and most people know exactly how the things are propagated. There was a story of that Connecticut spammer who got something like 45000 mails (snailmail)per day after his home address was published on the net. Why doesn't the fed wake up and close the loopholes? 70% of emails are junk and that's a big loss to the nation's economy..