On to the data:
- Last week, 84 new final regulations were published in the Federal Register. There were 59 new final rules the previous week.
- That’s the equivalent of a new regulation precisely every 2 hours.
- So far in 2014, 952 final regulations have been published in the Federal Register. At that pace, there will be a total of 3,173 new regulations this year. This would be the lowest total in decades; this will likely change as the year goes on.
- Last week, 1,254 new pages were added to the Federal Register.
- Currently at 21,981 pages, the 2014 Federal Register is on pace for 73,270 pages, which would be the lowest total since 2009.
- Rules are called “economically significant” if they have costs of $100 million or more in a given year. 12 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 currently ranges from $1.64 billion to $2.01 billion. They also affect several billion dollars of government spending.
- 80 final rules meeting the broader definition of “significant” have been published so far this year.
- So far in 2014, 196 new rules affect small businesses; 27 of them are classified as significant.
Highlights from selected final rules published last week:
- If you have a mechanical power press, be aware of new recordkeeping requirements from OSHA.
- The federal government owns a $350 million Legal Services Corporation, which provides legal services to people who can’t afford it. It established new restrictions on its services for aliens.
- 11 new EPA regulations, mostly having to do with air quality plans in various states.
- Implementation of the Basel III capital reserve standards for banks continues.
- The FDA set the maximum acceptable dose of crustacean irradiation at 6.0 kiloGray. Irradiating food kills off food-borne pathogens that could make people sick.
- The FDA also reclassified stair-climbing wheelchairs from class III to class II devices.