On to the data:
- Last week, 52 new final regulations were published in the Federal Register. There were 43 new final rules the previous week.
- That’s the equivalent of a new regulation every three hours and 14 minutes.
- So far in 2014, 216 final regulations have been published in the Federal Register. At that pace, there will be a total of 2,572 new regulations this year. This would be the lowest total in decades; this will likely change as the year goes on.
- Last week, 1,808 new pages were added to the Federal Register.
- Currently at 5,264 pages, the 2014 Federal Register is on pace for exactly 62,667 pages, which would be the lowest total since 1995.
- Rules are called “economically significant” if they have costs of $100 million or more in a given year. Four such rules have been published so far this year, none of them in the past week.
- The total estimated compliance costs of 2014’s economically significant regulations is currently $1.6 million. They also affect several billion dollars of government spending.
- 26 final rules meeting the broader definition of “significant” have been published so far this year.
- So far in 2014, 38 new rules affect small businesses. Seven of them are classified as significant.
Highlights from selected final rules published last week:
- The Commodity Futures Trading Commission (CFTC) issued a rule from the Dodd-Frank bill that is a model of bad transparency. The text of the rule states: “This CFTC Rule is being promulgated exclusively under section 13 of the BHC. Therefore, the Commission did not conduct a cost benefit consideration under Section 15(a) of the Commodity Exchange Act. Similarly, Executive Orders 12866 and 13563, referenced by some commenters, do not impose obligations on the CFTC.”
- The federal government has a Citrus Administrative Committee. It is raising the assessment it charges certain citrus growers in Florida.
- The federal government also has a California Date Administrative Committee. It is lowering its assessment for date growers in Riverside County.
- Eleven new EPA regulations.