Category Archives: regulation

CEI’s Battered Business Bureau: The Week in Regulation

overlook hotel winter
The accelerated pace of post-shutdown rulemaking continues, though still at a slower pace than under the Gingrich-Clinton showdowns. The total number of regulations issued this year also passed the 3,000 mark, ending the week at 3,042, while the 2013 Federal Register topped 65,000 pages.

On to the data:

  • Last week, 92 new final regulations were published in the Federal Register. There were 78 new final rules the previous week.
  • That’s the equivalent of a new regulation every 1 hour and 50 minutes.
  • All in all, 3,042 final rules have been published in the Federal Register this year.
  • If this keeps up, the total tally for 2013 will be 3,587 new final rules.
  • Last week, 1,713 new pages were added to the 2013 Federal Register, for a total of 65,205 pages.
  • At its current pace, the 2013 Federal Register will run 76,893 pages, which would be good for fifth all time. The current record is 81,405 pages, set in 2010.
  • Rules are called “economically significant” if they have costs of $100 million or more in a given year.  One such rule was published last week, for a total at 35 so far in 2013.
  • The total estimated compliance costs of this year’s economically significant regulations ranges from $6.42 billion to $11.82 billion.
  • So far, 276 final rules that meet the broader definition of “significant” have been published in 2013.
  • So far this year, 597 final rules affect small business; 81 of them are significant rules.

Highlights from selected final rules published last week:

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

CEI Podcast for October 30, 2013: Bringing Transparency to the Consumer Financial Protection Bureau

cfpb
Have a listen here.

George Mason University law professor and Mercatus Center senior scholar Todd Zywicki discusses his paper, “The Consumer Financial Protection Bureau: Savior or Menace?” His thesis is that this “independent agency inside another independent agency, presided over by a single director who is insulated from presidential removal,” which is also immune to Congress’ power of the purse, is a return to a Nixon-era approach to agency structure. He gives several recommendations for improving actual consumer protection.

CEI’s Battered Business Bureau: The Week in Regulation

AmericanStandard
The government has been back in business for more than a week now, and the Federal Register is now reflecting it. Monday continued the slow shutdown pace, with just 1 regulation and 60 pages. Tuesday saw that spike to 16 regulations and 537 pages, and it has stayed elevated since. Friday’s Federal Register contained 27 new final regulations and 17 proposed regulations in its 329 pages. The pace of new rules is definitely above normal, but not like the deluge witnessed after the Gingrich-Clinton shutdowns, where 82 regulations were published in one day. A normal day has about 15 rules, and right now we’re seeing about 20. We’ll see what the coming week brings.

On to the data:

  • Last week, 78 new final regulations were published in the Federal Register. There were 3 new final rules the previous week.
  • That’s the equivalent of a new regulation every 2 hours and 9 minutes.
  • All in all, 2,950 final rules have been published in the Federal Register this year.
  • If this keeps up, the total tally for 2013 will be 3,613 new final rules.
  • Last week, 1,792 new pages were added to the 2013 Federal Register, for a total of 63,942 pages.
  • At its current pace, the 2013 Federal Register will run 77,225 pages, which would be good for fifth all time. The current record is 81,405 pages, set in 2010.
  • Rules are called “economically significant” if they have costs of $100 million or more in a given year. No such rules were published last week, leaving the total at 34 so far in 2013.
  • The total estimated compliance costs of this year’s economically significant regulations ranges from $6.53 billion to $11.93 billion.
  • So far, 269 final rules that meet the broader definition of “significant” have been published in 2013.
  • So far this year, 566 final rules affect small business; 79 of them are significant rules.

Highlights from selected final rules published last week:

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

CEI’s Battered Business Bureau: The Week in Regulation

herring school
Since Congress and the president reached a deal on the debt ceiling, this is the second and final special shutdown edition of the Battered Business Bureau. This week’s was the smallest Federal Register this analyst has ever seen, with a grand total of 3 rules and 60 pages. Thursday’s edition was just 5 pages long, the lowest total of the entire shutdown.

The post-shutdown deluge of rules will likely start on either Monday or Tuesday. Expect to see very different numbers in next week’s edition.

On to the data:

Last week, 3 new final regulations were published in the Federal Register. There were 6 new final rules the previous week.

  • That’s the equivalent of a new regulation every 56 hours.
  • All in all, 2,872 final rules have been published in the Federal Register this year.
  • If this keeps up, the total tally for 2013 will be 3,602 new final rules. Keep in mind the shutdown is artificially lowering this projection; it was 3,687 last week. It should be back to its usual 3,700+ range after next week.
  • Last week, 60 new pages were added to the 2013 Federal Register, for a total of 62,150 pages.
  • At its current pace, the 2013 Federal Register will run 76,918 pages, which would be good for fifth all time – keep in mind, though, the light shutdown week artificially lowers this projection. The actual page count will likely be much closer to 80,000. The current record is 81,405 pages, set in 2010.
  • Rules are called “economically significant” if they have costs of $100 million or more in a given year. No such rules were published last week, leaving the total at 34 so far in 2013.
  • The total estimated compliance costs of this year’s economically significant regulations ranges from $6.53 billion to $11.93 billion.
  • So far, 258 final rules that meet the broader definition of “significant” have been published in 2013.
  • So far this year, 550 final rules affect small business; 75 of them are significant rules.

Instead of the usual highlights from selected final rules, here are all of them, since there were only three:

The Coast Guard a established temporary safety zone in the Tennessee River near Florence, Alabama For a boat race, and another one for a fireworks show in Oyster Bay, New York.

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

Regulators Revving Up

An otherwise-excellent roundup of regulatory shutdown coverage in The Hill‘s RegBlog quotes yours truly.

In more important news, the regulatory ramp-up that I have predicted won’t happen until at least Tuesday. Monday’s Federal Register is already online, and contains just one regulation and 60 pages.

The Shutdown Is Over: What Now for Regulation?

mitch-myers-drag-racer
The federal government welcomed back its furloughed workers this morning after Congress and the president reached a deal to raise the debt ceiling. All is back to normal, though one could certainly debate if this is a good thing. As I pointed out here and here, most shutdowns follow a similar script, so far as regulation is concerned.

There was a flux of new rules leading up to the shutdown, as agencies tried to hurry what they could before going on furlough. Once the shutdown hit, new regulations slowed to a trickle. Last week, the first full week, had just 6 new final rules in the Federal Register; a normal week sees 70-80 new regulations. This week has been just as slow, with just 3 new rules through Thursday.

The next day or two will also be slow ones for the Federal Register. But then there will be a flood of new rules as agencies make up for lost time. After the second Gingrich-Clinton showdown ended, there were 82 rules published in a single day. Since this shutdown was about two weeks long, the coming spike could be in the same league. We’ll find out on Monday or Tuesday, depending on how long it takes agencies to rev up their regulatory engines.

How Is the Shutdown Affecting Regulation?

Short answer: not much. Over at the Daily Caller, I go over some data from this shutdown, as well as the two Gingrich-Clinton showdowns and find that this shutdown will likely have almost no net effect on the amount of new regulations issued. Regulations might be down to a slow trickle right now, but agencies will make up for it when they re-open their doors. But there is an upside to it:

This is not entirely a bad thing. As the late Nobel-winning economist Ronald Coase wrote, “An economist who, by his efforts, is able to postpone by a week a government program which wastes $100 million a year (what I would consider a modest success) has, by his action, earned his salary for the whole of his life.” By that measure, and no other, President Obama and his Republican opponents are turning out to be fine economists.

As so often happens, the hyperbole in the shutdown debate is missing the fact that this shutdown just isn’t particularly impactful, especially on the regulatory front. Read the whole piece here.

CEI’s Battered Business Bureau: The Week in Regulation

bank
Welcome to a special shutdown edition of CEI’s Battered Business Bureau. After setting a yearly high for rules (113) and topping 2,000 pages for just the third time all year, the first full week of the shutdown made for a very bare-bones Federal Register, with just 6 rules and 353 pages.

Remember, this is the 17th shutdown since current budgeting rules were adopted in 1976, so this shutdown is less an anomaly than it is business as usual. The relative peace that lasted from Bill Clinton’s second term until now is the real anomaly.

Most shutdowns follow a similar pattern. So far, this shutdown has, too. First, agencies publish as many rules as they can leading up to the shutdown—hence the inflated rule and page counts in recent weeks. When the shutdown begins, there is typically a two-day lag before the Federal Register slows down its rule and page counts. It then lies near-dormant for the duration of the shutdown, with just a slow trickle of rules until two to three business days after the shutdown ends. Agencies then make up for the lost time with a deluge of regulations. The longer the shutdown, the more intense the flood.

The point is that shutdowns have little, if any, net effect on the amount of regulation. Some rules are published a little earlier than planned, some are published a little bit later, and that’s about it. Something to keep in mind as the shutdown battle continues.

On to the data:

  • Last week, 6 new final regulations were published in the Federal Register. There were 113 new final rules the previous week.
  • That’s the equivalent of a new regulation every 28 hours.
  • All in all, 2,869 final rules have been published in the Federal Register this year.
  • If this keeps up, the total tally for 2013 will be 3,687 new final rules.
  • Last week, 353 new pages were added to the 2013 Federal Register, for a total of 62,090 pages.
  • At its current pace, the 2013 Federal Register will run 78,397 pages, which would be good for fifth all time – keep in mind, though, the light shutdown week artificially lowers this projection. The actual page count will likely be much closer to 80,000. The current record is 81,405 pages, set in 2010.
  • Rules are called “economically significant” if they have costs of $100 million or more in a given year. No such rules were published last week, for a total of 34 so far in 2013.
  • The total estimated compliance costs of this year’s economically significant regulations ranges from $6.53 billion to $11.93 billion.
  • So far, 258 final rules that meet the broader definition of “significant” have been published in 2013.
  • So far this year, 549 final rules affect small business; 75 of them are significant rules.

Instead of the usual highlights from selected final rules, here are all of them, since there were only six:

  • The only significant rule is a big one – 275 pages worth of Basel III bank capital standards implementation. This rule alone counts for 78 percent of this week’s Federal Register page count. The Basel accords determine how much capital banks need to keep in reserve. The mathematical formulas involved are, shall we way, complex. Earlier Basel standards have proven devastatingly ineffective in keeping banks solvent, and the new Basel III will likely be no better.
  • The National Oceanic and Atmospheric Administration issued two rules for Alaskan Pollock fishing. One covers Area 620, the other covers Area 630.
  • The NOAA also issued rules for Gulf king mackerel and snappers and groupers.
  • The Coast Guard issued the week’s only other regulation. It established a temporary safety zone around a bridge in Galveston, Texas while it is being repaired.

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

CEI’s Battered Business Bureau: The Week in Regulation

Delair Railroad Drawbridge
This week in the world of regulation:

Last week, 113 new final regulations were published in the Federal Register. There were 80 new final rules the previous week.

  • That’s the equivalent of a new regulation every 1 hour and 29 minutes — 24 hours a day, seven days a week.
  • All in all, 2,863 final rules have been published in the Federal Register this year.
  • If this keeps up, the total tally for 2013 will be 3,773 new final rules.
  • Last week, 2,159 new pages were added to the 2013 Federal Register, for a total of 61,737 pages.
  • At its current pace, the 2013 Federal Register will run 79,971 pages, which would be good for third all time. The current record is 81,405 pages, set in 2010.
  • Rules are called “economically significant” if they have costs of $100 million or more in a given year. One such rule was published last week, for a total of 34 so far in 2013.
  • The total estimated compliance costs of this year’s economically significant regulations ranges from $6.53 billion to $11.93 billion.
  • So far, 257 final rules that meet the broader definition of “significant” have been published in 2013.
  • So far this year, 549 final rules affect small business; 75 of them are significant rules.

Highlights from final rules published last week:

  • This week’s economically significant rule comes from the Wage and Hour Division. It is expanding the Fair Labor Standards Act to cover domestic employees. It estimates that transfers from employers to employees, familiarization costs, and paperwork will cost between $135,712,508 and $314,712,508.
  • In Wilmington, Delaware, there are several drawbridges that span the Christina river. The federal government regulates when they go up and down.
  • The federal government runs a Blueberry Promotion and Research Program. It is also raising the rates it charges blueberry farmers.
  • The U.S. government declared the blue-throated macaw an endangered species. It lives only in Bolivia.
  • Taylor’s checkerspot butterfly is now listed as endangered, and the streaked horned lark is threatened. They also received a combined 6,000+ acres of critical habitat. If any of that land is private property, we have a possible regulatory taking.
  • The spring pygmy sunfish is now threatened, and the Florida bonneted bat is endangered. Two species of cactus were also classified as endangered, bringing the week’s total of new protected species this week to 7.
  • The Alcohol and Tobacco Tax and Trade Bureau established four newviticultural areas” that winemakers can use to make their labels seem fancier. According to the text of the rules, the agency “designates viticultural areas to allow vintners to better describe the origin of their wines and to allow consumers to better identify wines they may purchase.”

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

Regulatory Transparency Is Decidedly Lacking

Regular readers know that the federal government issues about 3,700 new regulations in an average year. But how many of those rules actually receive proper review, with cost and benefit estimates? Wayne Crews and I did some digging on that front, and the answer is not pretty: the Office of Management and Budget reviewed a grand total of 47 regulations last year, or a little more than 1 percent of the total. In today’s Washington Times, we lay out the problem and propose some solutions:

The OMB should ensure any new proposal creates more value than it destroys. One reason agencies regulate so recklessly is that they know few people are paying attention. Expanding Executive Order 12866 to include independent agencies would allow the agency to review more rules, though it would still fall well short of transparency. The Code of Federal Regulations contains more than 1 million regulations, with thousands more being added every year, according to George Mason University’s RegData project.

If only Washington paid as much attention to regulations as we’re learning it pays to our private phone calls and emails.

Read the whole thing here.