Competitive Enterprise Institute | 1899 L ST NW Floor 12, Washington, DC 20036 | Phone: 202-331-1010 | Fax: 202-331-0640
From Rep. Jason Chaffetz' op-ed in The Daily Herald :
Some 1.65 million lawsuits are filed each year over enforcement of federal regulations according to Berkeley law professor Sean Farhang, author of The Litigation State. Estimates by the Competitive Enterprise Institute suggest that regulation cost the economy $1.75 trillion in 2008. That's Trillion with a T. If you were to spend $1 million a day every day, it would take you nearly 3,000 years just to get to $1 trillion.