Administration releasing plans for 3,415 additional regulations
This Daily Caller article describes how the Obama administration has picked the last few hours remaining before the Thanksgiving holiday to release the updated federal Unified Agenda. The DC article describes the document as,
the Obama administration’s regulatory road map (that) lays out thousands of regulations being finalized in the coming months.
The article describes how some 3,415 new regulations are listed, including 189 rules that will cost the U.S. economy more than $100 million.
Anyone familiar with the coal industry will recognize some of the big names on the list, including the EPA’s so-called Clean Power Plan (S. 111(d) of the Clean Air Act), which reports indicate will cost the economy several hundreds of billions of dollars. The list also includes the coal ash rule (over $20 billion in costs), and the “Waters of the United States” rule (which could see the EPA effectively take over the majority of water management in the country).
Of course these 3,415 new rules would be tacked on top of the 80,000 pages of regulations that were passed in 2013. As we discussed in a post last May
(In the fall of 2013) … 63 federal departments, agencies, and commissions (had) 3,305 regulations at various stages of implementation.
Of the 3,305 regulations in the pipeline, 191 are “economically significant” rules, which the federal government defines as imposing at least $100 million in annual costs. Assuming that those rulemakings are primarily regulatory implies roughly $19 billion yearly in future off-budget regulatory effects.
The weight of regulation keeps growing and keeps stifling American business and industry. Unfortunately with the added weight of these 3,415 new regulations there doesn’t seem to be any end in sight.