Monthly Archives: June 2014

Public Choice 101: Carl Sagan Edition

From pages 332-333 of Sagan’s superb novel Contact, as spoken by protagonist Ellie Arroway:

“This planet is run by crazy people. Remember what they have to do to get where they are. Their perspective is so narrow, so… brief. A few years. In the best of them a few decades. They care only about the time they are in power.”

I greatly admire Carl Sagan, though his politico-economic analysis is usually rather naive. This time, he nails it.

 

CEI Podcast for June 12, 2014: CEI Sues the NSA

US-SECURITY-NSA HEADQUARTERS
General Counsel Sam Kazman breaks down the case. Click here to listen.

CEI’s Battered Business Bureau: The Week in Regulation

funny-sheep
New regulations published last week cover everything from what to call UV tanning lamps to the federal government’s National Sheep Industry Improvement Center.

On to the data:

  • Last week, 75 new final regulations were published in the Federal Register. There were 62 new final rules the previous week.
  • That’s the equivalent of a new regulation every 2 hours and 15 minutes.
  • So far in 2014, 1,427 final regulations have been published in the Federal Register. At that pace, there will be a total of 3,273 new regulations this year. This would be the lowest total in decades; this will likely change as the year goes on.
  • Last week, 1,652 new pages were added to the Federal Register.
  • Currently at 32,819 pages, the 2014 Federal Register is on pace for 75,273 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. 19 such rules have been published so far this year, one of them in the past week.
  • The total estimated compliance costs of 2014’s economically significant regulations currently ranges from $2.33 billion to $2.72 billion. They also affect several billion dollars of government spending.
  • 118 final rules meeting the broader definition of “significant” have been published so far this year.
  • So far in 2014, 273 new rules affect small businesses; 41 of them are classified as significant.

Highlights from selected final rules published last week:

For more data, see Ten Thousand Commandments and follow @10KC and @RegoftheDay on Twitter.

Regulatory Improvement Commission

One of my favorite regulatory reform ideas is an independent commission tasked with combing through the 175,000-page Code of Federal Regulations and giving Congress a package of obsolete, redundant, or harmful regulations to repeal in one fell swoop. That idea is now captured in a bi-partisan bill in Congress. Wayne Crews and I wrote about it recently in the Washington Times:

The Regulatory Improvement Act of 2014, recently introduced by Reps. Patrick Murphy, Florida Democrat, and Mick Mulvaney, South Carolina Republican, and Sens. Angus S. King Jr., Maine independent, and Roy Blunt, Missouri Republican, would create a Regulatory Improvement Commission to comb through the Code of Federal Regulations to identify ineffective and obsolete rules. The first time through the code, the commission would focus on a specific policy area — say, technology, agriculture or energy policy — with Congress reconvening the commission as needed going forward.

The commission would then submit to Congress a package of old rules to phase out, subject to an up-or-down vote, with no amendments allowed, in order to avoid vote-trading and backroom deals. To prevent stonewalling, Congress would be required to vote on the package within a set period of time — 30 days in committee, and 60 days after that for a floor vote, with debate time limited to 10 hours.

Read the whole thing here, plus the House and Senate versions of the bill.

Slow News Day

Politico: Secret Service: Obama safe at gym

CEI Podcast for June 3, 2014: EPA Proposes Major Carbon Emission Regulation

springfield nuclear power plant
Have a listen here.

Senior Fellow William Yeatman breaks down a proposed EPA regulation intended to significantly reduce carbon emissions in the U.S.

Regulatory Costs Hit Home

Over at RealClearPolicy, Wayne Crews and I have a short piece on regulatory costs, which are now just under $15,000 per family per year.

If it were its own country, the federal regulatory state would be the world’s tenth-largest economy — larger than that of Canada, Italy, or India. Federal regulations amount to a hidden tax of almost $15,000 per household. That’s more than families spend on food, clothing, health care, education, and other necessities. Only housing costs more. Factor in regulation, and the federal government is half again as large as most people think it is.

Read the whole thing here. Data are from Wayne’s new Ten Thousand Commandments report.

CEI’s Battered Business Bureau: The Week in Regulation

kiwi
The Memorial Day-shortened work week still saw the Federal Register grow by 1,200 pages, with more than 60 new regulations published.

On to the data:

  • Last week, 62 new final regulations were published in the Federal Register. There were 66 new final rules the previous week.
  • That’s the equivalent of a new regulation every 2 hours and 43 minutes.
  • So far in 2014, 1,352 final regulations have been published in the Federal Register. At that pace, there will be a total of 3,250 new regulations this year. This would be the lowest total in decades; this will likely change as the year goes on.
  • Last week, 1,200 new pages were added to the Federal Register.
  • Currently at 31,167 pages, the 2014 Federal Register is on pace for 74,921 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. 18 such rules have been published so far this year, one of them in the past week.
  • The total estimated compliance costs of 2014’s economically significant regulations currently ranges from $1.82 billion to $2.19 billion. They also affect several billion dollars of government spending.
  • 116 final rules meeting the broader definition of “significant” have been published so far this year.
  • So far in 2014, 265 new rules affect small businesses; 39 of them are classified as significant.

Highlights from selected final rules published last week:

For more data, see Ten Thousand Commandments and follow @10KC and @RegoftheDay on Twitter.