In an eventful week that included criminal justice reform, shutdown drama, and cabinet drama, this year’s new regulations exceeded 2017’s total with more than a week to spare. Rulemaking agencies issued regulations ranging from satellite royalties to tax preparer penalties.
On to the data:
- Last week, 82 new final regulations were published in the Federal Register, after 76 the previous week.
- That’s the equivalent of a new regulation every two hours and 3 minutes.
- Federal agencies have issued 3,266 final regulations in 2018. At that pace, there will be 3,333 new final regulations. Last year’s total was 3,236 regulations.
- Last week, 1,641 new pages were added to the Federal Register, after 1,050 pages the previous week.
- The 2018 Federal Register totals 66,075 pages. It is on pace for 67,424 pages. The all-time record adjusted page count (which subtracts skips, jumps, and blank pages) is 96,994, set in 2016.
- Rules are called “economically significant” if they have costs of $100 million or more in a given year. Six such rules have been published this year, one in the last week—the first since June 12.
- The running compliance cost tally for 2018’s economically significant regulations ranges from $220.1 million to $2.54 billion. Until last week, the net costs were actually net savings.
- Agencies have published 108 final rules meeting the broader definition of “significant” so far this year.
- So far in 2018, 638 new rules affect small businesses; 29 of them are classified as significant.
Highlights from selected final rules published last week:
- Golden parachute payment rules from the Federal Housing Finance agency.
- A new bioengineered food labeling rule is the first economically significant regulation since June 12. It will cost $569 million to $3.1 billion in its first year, and $51 million to $391 million per year after that, depending on which discount rate one chooses. The rule states that “The NBFDS [National Bioengineered Food Disclosure Standard] is not expected to have any benefits to human health or the environment.”
- Note that it just barely avoids being subject to a new rule establishing a January 1, 2022 uniform compliance date for new food labeling regulations published in 2019 and 2020.
- Proceedings To Determine Removability of Aliens in the United States.
- How to look at bare metal inside a nuclear reactor.
- A correction to an uncontrolled munitions regulation.
- A paperwork change for exporting natural gas.
- New standards for domestic mail.
- Satellite radio royalties.
- Modified airspace around Appleton, Wisconsin.
- Corrected tax preparer penalties.