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The idea of a regulatory  is not new. Competitive Enterprise Institute expert Wayne Crews has proposed tallying total government spending on making and enforcing regulations, limiting funding available to agencies for their given regulatory duties.
This type of public tally, just like the fiscal budget, would focus more public attention on the regulations being written. ’We need to know as much about regulations and their cost as we know about taxes and how much we spend there,” Crews told TheDCNF.