CEI’s Battered Business Bureau: The Week in Regulation


Just another week in the world of regulation:

  •  76 new final rules were published last week, up from 65 the previous week.
  • That’s the equivalent of a new regulation every 2 hours and 13 minutes — 24 hours a day, 7 days a week.
  • All in all, 2,507 final rules have been published in the Federal Register this year.
  • If this keeps up, the total tally for 2012 will be 3,872 new rules.
  • 1,687 new pages were added to the 2012 Federal Register last week, for a total of 52,597 pages.
  • At its current pace, the 2012 Federal Register will run 78,178 pages.
  • Rules are called “economically significant” if they have costs of $100 million or more in a given year. The 29 such rules published so far in 2012 have compliance costs of at least $16.5 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.
  • One economically significant rule was published last week.
  • So far, 250 final rules that meet the broader definition of “significant” have been published in 2012.
  • So far this year, 474 final rules affect small business. 64 of them are significant rules.

Highlights from final rules published last week:

  • Last week’s economically significant rule comes from the intimidatingly-named Safety and Environmental Enforcement Bureau. New oil and gas drilling regulations for the outer continental shelf will cost an estimated $131 million per year.
  • The state of New York wants to set its own odometer standards. They had to petition the federal government first.

For more data, go to TenThousandCommandments.com.

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