[dagw]

How often do you have a Product Manager who is an expert in regulatory/compliance laws and has contacts with government agencies?

Maybe not an expert, but literally every project I've been involved with where those things are relevant, the PM knew more than most of us, knew who to talk to, and was responsible to make sure we did the right thing. It is pretty much what half the role was about. They were often pretty senior people with long experience working in a relevant field.