CEI’s Battered Business Bureau: The Week In Regulation

This week in the world of regulation:

  • Last week, 61 new final rules were published, up from 60 the previous hurricane-shortened week.
  • That’s the equivalent of a new regulation every 2 hours and 46 minutes — 24 hours a day, 7 days a week.
  • All in all, 3,256 final rules have been published in the Federal Register this year.
  • If this keeps up, the total tally for 2012 will be 3,795 new rules.
  • Last week, 1,168 new pages were added to the 2012 Federal Register, for a total of 67,425 pages.
  • At its current pace, the 2012 Federal Register will run 77,323 pages.
  • Rules are called “economically significant” if they have costs of $100 million or more in a given year. The 43 such rules published so far in 2012 have compliance costs of at least $23.9 billion. Two of the rules do not have cost estimates, and a third cost estimate does not give a total annual cost. We assume that rules lacking this basic transparency measure cost the bare minimum of $100 million per year. The true cost is almost certainly higher.
  • One economically significant rule was published last week.
  • So far, 313 final rules that meet the broader definition of “significant” have been published in 2012.
  • So far this year, 610 final rules affect small business; 88 of them are significant rules.

Highlights from final rules published last week: