CEI’s Battered Business Bureau: The Week in Regulation

eagle-flag-wallpaper
The local equivalent of winter weather closed down the federal government last Tuesday, but that day’s Federal Register was still an impressive 1,221 pages, easily one of the year’s largest.

On to the data:

  • Last week, 56 new final regulations were published in the Federal Register. There were 95 new final rules the previous week.
  • That’s the equivalent of a new regulation every three hours.
  • All in all, 3,474 final rules have been published in the Federal Register this year.
  • If this keeps up, the total tally for 2013 will be 3,619 new final rules.
  • Last week, 2,339 new pages were added to the 2013 Federal Register, for a total of 75,432 pages. This year’s Federal Register is already the 7th largest in its 78-year history.
  • At its current pace, the 2013 Federal Register will run 78,575 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. Three such rules were published last week, for a total of 40 so far in 2013.
  • The total estimated compliance costs of this year’s economically significant regulations ranges from $6.42 billion to $11.83 billion.
  • So far, 315 final rules that meet the broader definition of “significant” have been published in 2013.
  • So far this year, 683 final rules affect small business; 98 of them are significant rules.

Highlights from selected final rules published last week:

  • Two of this week’s economically significant rules (1, 2) are from the Centers for Medicare and Medicaid Services. Both rules affect spending and not compliance costs, so I am scoring them as zero-cost in our running compliance cost tally. The second rule’s cost estimate in particular stands out for its opacity.
  • The third economically significant rule also involves health care, but it comes from the Defense Department. It also affects spending but not compliance costs, so I am scoring it as zero-cost. It estimates savings to the DoD of $120 million, plus $28 million in reduced copayments.
  • Some time ago, the National Oceanic and Atmospheric Administration established speed limits for larger ships to prevent collisions with North Atlantic right whales. The rule came with a sunset, meaning it would automatically expire after a certain amount of time. On Monday, the NOAA removed the sunset, making the rule permanent.
  • New safety standards for infant bath seats, toddler beds, and full-size baby cribs.
  • The Fish and Wildlife Service issues eagle permits.

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

The Origins of Envy

A bit of good advice from p. 259 of Rolf Dobelli’s delightful book The Art of Thinking Clearly:

Like all emotions, envy has its origins in our evolutionary past. If the hominid from the cave next door took a bigger share of the mammoth, it meant less for the loser. Envy motivated us to do something about it. Laissez-faire hunter-gatherers disappeared from the gene pool; in extreme cases, they died of starvation, while others feasted. We are the offspring of the envious. But, in today’s world, envy is no longer vital. If my neighbor buys himself a Porsche, it doesn’t mean that he has taken anything from me.

When I find myself suffering pangs of envy, my wife reminds me: “It’s okay to be envious–but only of the person you aspire to become.”

CEI Podcast for December 12, 2013: The Affordable Care Act’s Marriage Penalties

Wedding rings
Have a listen here.

The Affordable Care Act’s subsides and tax credits are structured in such a way as to cause thousands of dollars worth of penalties for many married couples. CEI Senior Attorney Hans Bader proposes phasing them out as income rises to soften the blow.

A Lesson in Humility

An important bit of wisdom from p. 25 of Rolf Dobelli’s The Art of Thinking Clearly:

There are about one million trained economists on the planet, and not one of them could accurately predict the timing of the 2008 financial crisis (with the exception of Nouriel Roubini and Nassim Taleb), let alone how the collapse would play out, from the real estate bubble bursting to credit swaps collapsing, right through to the full-blown economic crunch. Never has a group of experts failed so spectacularly. The story from the medical world is much the same: Up until 1900 it was discernibly wiser for patients to avoid doctor’s visits; too often the “treatment” only worsened the illness, due to poor hygiene and folk practices such as bloodletting.

The lesson to be learned is a familiar one: beware the rule of experts. No matter how clever you are, be a student of society. Don’t try to be its savior. That is well beyond any one person.

CEI’s Battered Business Bureau: The Week in Regulation

dairy-cow-2
Regulators took advantage of the full-length work week by publishing nearly 100 regulations, running the gamut from mad cow disease to falconry federalism.

On to the data:

  • Last week, 95 new final regulations were published in the Federal Register. There were 77 new final rules the previous week.
  • That’s the equivalent of a new regulation every one hour and 46 minutes.
  • All in all, 3,418 final rules have been published in the Federal Register this year.
  • If this keeps up, the total tally for 2013 will be 3,636 new final rules.
  • Last week, 1,699 new pages were added to the 2013 Federal Register, for a total of 73,093 pages. This year’s Federal Register is already the 11th largest in its 78-year history.
  • At its current pace, the 2013 Federal Register will run 77,759 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 of 37 so far in 2013.
  • The total estimated compliance costs of this year’s economically significant regulations ranges from $6.42 billion to $11.83 billion.
  • So far, 305 final rules that meet the broader definition of “significant” have been published in 2013.
  • So far this year, 672 final rules affect small business; 91 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.

Slow News Day

Politico: George H.W. Bush wears the wackiest socks

CEI Podcast for December 5, 2013: Ending Corporate Welfare

corporate welfare
Have a listen here.

Stephen Slivinski, a senior economist at the Goldwater Institute, discusses solutions to the seemingly intractable problem of corporate welfare.

CEI’s Battered Business Bureau: The Week in Regulation

red_porgy
Like most of the country, the federal government shut down for Thanksgiving. Despite the short work week, agencies still produced a roughly average number of regulations, while the Federal Register emphatically broke the 70,000-page barrier. There were an impressive 18 new regulations that affect small businesses; perhaps small business owners should be thankful it wasn’t an even worse week.

On to the data:

  • Last week, 77 new final regulations were published in the Federal Register. There were 60 new final rules the previous week.
  • That’s the equivalent of a new regulation every two hours and 11 minutes.
  • All in all, 3,323 final rules have been published in the Federal Register this year.
  • If this keeps up, the total tally for 2013 will be 3,612 new final rules.
  • Last week, 1,794 new pages were added to the 2013 Federal Register, for a total of 71,394 pages.
  • At its current pace, the 2013 Federal Register will run 77,516 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 of 36 so far in 2013.
  • The total estimated compliance costs of this year’s economically significant regulations ranges from $6.42 billion to $11.83 billion.
  • So far, 297 final rules that meet the broader definition of “significant” have been published in 2013.
  • So far this year, 650 final rules affect small business; 88 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 November 27, 2013: Toxic Turkey Day?

turkey
Have a listen here.

Senior Fellow Angela Logomasini debunks scare stories about chemicals in your family’s Thanksgiving dinner, ranging from BPA in canned foods to naturally occurring pesticides in potatoes. Anti-chemical activists forget the cardinal rule of toxicology: it is the dose that makes the poison. Relax, eat well, and enjoy spending time with your family this Thanksgiving.

Deirdre McCloskey on Free Speech

As with everything Deirdre does, this short video about free speech will make you see the world a little differently. Well worth three minutes of your time. Click here if the embed below doesn’t work.