CEI’s Battered Business Bureau: The Week in Regulation

headache
In a busy week, the Federal Register topped 40,000 pages, with Friday’s edition alone adding 666 pages.

On to the data:

  • Last week, 63 new final regulations were published in the Federal Register. There were 79 new final rules the previous week.
  • That’s the equivalent of a new regulation every 2 hours and 40 minutes.
  • So far in 2014, 1,812 final regulations have been published in the Federal Register. At that pace, there will be a total of 3,406 new regulations this year. This would be the lowest total in decades; this will likely change as the year goes on.
  • Last week, 2,370 new pages were added to the Federal Register, roughly double an average week’s output.
  • Currently at 40,571 pages, the 2014 Federal Register is on pace for 76,262 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. 22 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 $7.34 billion to $10.57 billion. They also affect several billion dollars of government spending.
  • 152 final rules meeting the broader definition of “significant” have been published so far this year.
  • So far in 2014, 336 new rules affect small businesses; 51 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.

CEI Podcast for July 10, 2014: The Wire Act and Online Gambling

online poker
Michelle Minton argues that the Wire Act applies only to interstate sports gambling, not online gambling as a whole. The Wire Act’s 50-year history is on her side. Click here to listen.

Cronyism and the Export-Import Bank

Over at Rare, I have a piece on the cronyism angle of the Export-Import Bank debate. The Senate will likely vote this month on whether or not to end the bank:

[I]f government is going to dole out corporate welfare, the most efficient way to do it is to hand out cold, hard cash. Straight subsidies don’t distort international markets or invite corruption the way export subsidies do.

But most cash gifts to corporations are political non-starters. They’re a little too obvious. So companies and allied politicians need cover stories. The Export-Import Bank fits the bill.

An official logo, sophisticated-sounding economic rhetoric, and appeals to American jobs and patriotism are designed to make people feel good about the special favors Ex-Im performs for businesses.

Read the whole thing here.

CEI’s Battered Business Bureau: The Week in Regulation

pistachio
It was a short work week due to the 4th of July holiday, but a busy one. Monday’s Federal Register topped 500 pages, and Tuesday alone saw 29 new final regulations.

On to the data:

  • Last week, 79 new final regulations were published in the Federal Register. There were 86 new final rules the previous week.
  • That’s the equivalent of a new regulation every 2 hours and 8 minutes.
  • So far in 2014, 1,749 final regulations have been published in the Federal Register. At that pace, there will be a total of 3,416 new regulations this year. This would be the lowest total in decades; this will likely change as the year goes on.
  • Last week, 1,617 new pages were added to the Federal Register.
  • Currently at 38,201 pages, the 2014 Federal Register is on pace for 74,612 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. 21 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 $3.96 billion to $4.38 billion. They also affect several billion dollars of government spending.
  • 145 final rules meeting the broader definition of “significant” have been published so far this year.
  • So far in 2014, 321 new rules affect small businesses; 48 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.

CEI Podcast for July 1, 2014: John Holdren’s Poor Data Quality Control

General Counsel Sam Kazman talks about presidential science advisor John Holdren’s refusal to comply with the federal Data Quality Act when CEI questioned some discredited scientific statements in a video he put up on an official White House website. Click here to listen.

Is John Boehner’s Lawsuit The Best Way To Rein In The Executive Branch?

House Speaker John Boehner plans to sue President Obama over perceived abuses of the separation of powers. Over at the Daily Caller, I argue that Boehner has a point that the executive branch has grown too powerful. But the problem can’t be solved by a mere court case:

But suppose the lawsuit succeeds. It still wouldn’t solve the fundamental problem driving the growth of executive power. As Cato Institute presidential scholar Gene Healy put it, “If the Obama presidency has driven Americans mad, perhaps that’s because we’ve embraced a demented notion of the presidency itself,” one Healy describes as some mixture of Superman, Santa Claus, and Dr. Phil. When it comes to the presidency, we have met the enemy, and it is us.

When George W. Bush promised, without irony, to “rid the world of evil,” people believed him. With his post-9/11 approval ratings reaching the upper 80-percent range, Congress granted Bush expanded powers through the USA PATRIOT Act and other measures. The result was not the end of evil; it was the TSA, warrantless NSA surveillance, and host of other civil liberties abuses.

President Obama has not improved the situation; read the whole thing here. Also check out Gene Healy’s excellent 2008 book Cult of the Presidency, and its short e-book sequel, False Idol, both of which I could not recommend more highly.

CEI’s Battered Business Bureau: The Week in Regulation

snooki tan
There were no major regulations this week, but more than 80 little ones, covering everything from a religious exemption to the federal tanning tax to imported cotton.

On to the data:

  • Last week, 86 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 one hour and 57 minutes.
  • So far in 2014, 1,670 final regulations have been published in the Federal Register. At that pace, there will be a total of 3,367 new regulations this year. This would be the lowest total in decades; this will likely change as the year goes on.
  • Last week, 1,149 new pages were added to the Federal Register.
  • Currently at 36,584 pages, the 2014 Federal Register is on pace for 73,759 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. Nineteen 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 $2.33 billion to $2.72 billion. They also affect several billion dollars of government spending.
  • One-hundred and forty final rules meeting the broader definition of “significant” have been published so far this year.
  • So far in 2014, 315 new rules affect small businesses; 46 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.

A Baaaaad Idea

I am quoted in an otherwise-excellent writeup at Rare.us about the federal government’s National Sheep Industry Improvement Center.

Ex-Im’s Invitation to Corruption

When government has a lot of money and power, it is natural for people to curry its favor. It is just as natural for those wielding money and power to use it for personal gain. The Export-Import Bank has just provided the latest real-world example of this human frailty. The Wall Street Journal is reporting that four Ex-Im employees have been removed or suspended in recent months, “amid investigations into allegations of gifts and kickbacks.”

The article names one employee, Johnny Gutierrez, who accepted cash payments from an executive of Impex Associates, a construction equipment manufacturer that has received Ex-Im financing on multiple occasions. The other cases involve two “allegations of improperly awarding contracts to help run the agency,” and another employee who accepted gifts from an Ex-Im suitor. A spokesman responded to the allegations by noting that “the Export-Import Bank takes extremely seriously its commitment to taxpayers and its mission to support U.S. jobs.”

These are not isolated incidents. Over at the Daily Signal, Diane Katz notes that 74 potential cases of fraud have occurred since April 2009, just five years ago. For an agency with only 400 employees, this is a very serious problem.

These corruption allegations offer another reason to end the Export-Import Bank. Fortunately, the Bank’s charter expires on September 30. If Congress doesn’t vote to extend that charter, the Bank will automatically cease to exist, and the Treasury Department will wind down Ex-Im’s $140 billion portfolio.

With Ex-Im gone, companies would spend a little less time wooing government officials, and more time actually creating value for consumers. Getting rid of Ex-Im wouldn’t just help the economy, it would remove one of Washington’s numerous opportunities for corruption.

CEI Podcast for June 24, 2014: TSA Still Flouting the Law on Body Scanners

Marc Scribner notes the one-year anniversary of a comment period deadline on the TSA’s use of body scanners in airports, as was ordered by a federal court in July 2011. The agency is still in violation of federal law and the court’s order. Click here to listen.