Regulatory burden stifling business

This U.S. Chamber blog post notes that increasingly complex  and expensive layers of regulation have gone well beyond the point of “establishing the rules of competition, ensuring a level playing field, governing participants behavior, and protecting consumers, public health and safety, private property, and environmental resources.”

2013 Federal Register

Sen Mike Lee’s picture of the 2013 Federal Register. Almost 80,000 pages of new regulations passed in 2013. Sen. Lee took this picture to compare the 2013 Federal Register (the pages in the case) with the laws passed by Congress and signed into law by the President (the stack of pages on top of the case).

This post notes that when entrepreneurs in 12 cities across the country were asked what was holding back our economy and keeping business from growing and producing more jobs, they routinely pointed to regulation – at all levels of government – as a primary cause.

One recurring message is that regulatory burden, complexity, and uncertainty is undermining entrepreneurs’ ability to successfully launch new businesses, expand, and create jobs. …

It’s as if the politicians and regulators in Washington want me to fail—and spend all their time thinking up new ways to ensure that I do,” said Sharon Delay, founder of Adjunct Solutions in Westerville, Ohio. “Quit throwing ridiculous roadblocks in front of me! You either want me to be the engine of the economy or you don’t!”

Click here to read the full U.S. Chamber blog post.

Update: The recently published Competitive Enterprise Institute annual survey on the federal regulatory state – titled “Ten Thousand Commandments” – discusses the same theme, the burgeoning growth of the federal regulatory behemoth. Here are just a few of the bullet points from the reports main page,

  • Costs for Americans to comply with federal regulations reached $1.863 trillion in 2013. That is more than the GDPs of Canada or Australia.
  • This is the 21st edition of Ten Thousand Commandments. In that time, 87,282 final rules have been issued. That’s more than 3,500 per year or about nine per day.
  • Regulatory costs amount to an average of $14,974 per household – 23 percent of the average household income of $65,596 and 29 percent of the expenditure budget of $51,442.
  • The 2013 Federal Register contains 79,311 pages, the fourth highest ever. The top two all-time totals are 81,405 pages in 2010 and 81,247 in 2011.

29. May 2014 by Jason Hayes
Categories: agenda, Industry Reports, Jobs, Marketplace Information, Policy, Regulation | Tags: , , , | Comments Off on Regulatory burden stifling business