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CEI’s Battered Business Bureau: The Week In Regulation

If you have not seen what just one week looks like after our politicians and other government officials do, you will be amazed and distrurbed by the volumen of new regulations.  Then, think about the small business owner and look at the current state of the economny.   Yes, one may believe we should freeze frame regulations and NOT allow any news ones.  Second, examine the huge volume of current regulations and start hitting the "delete" key. From the Competitive Enterprise Institute and check out the link at the bottom.

Just another week in the world of regulation:

  • Fifty-one new final rules were published during the Labor Day-shortened week, down from 74 the previous week.
  • That’s the equivalent of a new regulation every 3 hours and 17 minutes — 24 hours a day, 7 days a week.
  • All in all, 2,632 final rules have been published in the Federal Register this year.
  • If this keeps up, the total tally for 2012 will be 3,839 new rules.
  • Last week, 1,641 new pages were added to the 2012 Federal Register, for a total of 55,324 pages.
  • At its current pace, the 2012 Federal Register will run 79,489 pages.
  • Rules are called “economically significant” if they have costs of $100 million or more in a given year. The 35 such rules published so far in 2012 have compliance costs of at least $17.3 billion. Two of the rules do not have cost estimates, and a third cost estimate does not give a total annual cost. We assume that rules lacking this basic transparency measure cost the bare minimum of $100 million per year. The true cost is almost certainly higher.
  • Four economically significant rules were published last week.
  • So far, 266 final rules that meet the broader definition of “significant” have been published in 2012.
  • So far this year, 964 final rules affect small business. 71 of them are significant rules.

Highlights from final rules published last week:

For more data, go to TenThousandCommandments.com.

 

 

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