The Federal Register continued its record pace last week, with Friday’s edition alone having 1,177 pages. The 2016 incarnation is already the seventh-largest of all time, dating back to 1936. The new record may well be set in the next two weeks, especially if there is a midnight rush after the election. New rules for the week range from luggage to coelacanths.
On to the data:
- Last week, 71 new final regulations were published in the Federal Register, after 62 the previous week.
- That’s the equivalent of a new regulation every two hours and 22 minutes.
- With 3,198 final regulations published so far in 2016, the federal government is on pace to issue 3,736 regulations in 2016. Last year’s total was 3,406 regulations.
- Last week, 2,704 new pages were added to the Federal Register, after 2,299 pages the previous week.
- Currently at 78,017 pages, the 2016 Federal Register is on pace for 91,142 pages. This would exceed the 2010 Federal Register’s all-time record adjusted page count of 81,405.
- Rules are called “economically significant” if they have costs of $100 million or more in a given year. 29 such rules have been published so far in 2016, none in the last week.
- The running compliance cost tally for 2016’s economically significant regulations ranges from $23.5 billion to $36.2 billion.
- 250 final rules meeting the broader definition of “significant” have been published this year.
- So far in 2016, 546 new rules affect small businesses; 94 of them are classified as significant.
Highlights from selected final rules published last week:
- If you’re an arms dealer, think twice before exporting your wares to Cote D’Ivoire, Liberia, Sri Lanka, or Vietnam.
- Bank Secrecy Act regulations.
- The National Credit Union Administration’s Office of Consumer Protection is changing its name to the Office of Consumer Financial Protection and Access.
- Tax credits for research.
- New regulations for airline customer service.
- And for how to deal with mishandled luggage and wheelchairs.
- Ten new species are on the Endangered and Threatened Wildlife List, including the African coelacanth.