The midterm elections finally happened. The good news is no more political ads for a while; the bad news is that a bunch of politicians won election or reelection. Democrats won a House majority, while Republicans retained the Senate. CEI analysts have had plenty to say on what this means for a variety of issues for the next two years. Meanwhile, agencies issued new regulations from granting asylum to quahog quotas.
On to the data:
- Last week, 54 new final regulations were published in the Federal Register, after 68 the previous week.
- That’s the equivalent of a new regulation every three hours and seven minutes.
- Federal agencies have issued 2,886 final regulations in 2018. At that pace, there will be 3,310 new final regulations. Last year’s total was 3,236 regulations.
- Last week, 1,007 new pages were added to the Federal Register, after 1,066 pages the previous week.
- The 2018 Federal Register totals 56,253 pages. It is on pace for 64,511. pages. The all-time record adjusted page count (which subtracts skips, jumps, and blank pages) is 96,994, set in 2016.
- Rules are called “economically significant” if they have costs of $100 million or more in a given year. Five such rules have been published this year, none in the last week.
- The running compliance cost tally for 2018’s economically significant regulations is a net savings ranging from $348.9 million to $560.9 million.
- Agencies have published 95 final rules meeting the broader definition of “significant” so far this year.
- So far in 2018, 553 new rules affect small businesses; 23 of them are classified as significant.
Highlights from selected final rules published last week:
- The IRS is expanding its authority to penalize tax preparers.
- Medicare is adjusting some of its premiums.
- Commercial Aggregated Large Coastal Shark and Hammerhead Shark Management Group Retention Limit Adjustment.
- Don’t tell Peter Griffin: new quahog quotas.
- Underground electric distribution.
- Some tinkering to food nutrition labels.
- Iran sanctions.
- Qualifications for crane and derrick operators.
- Tax decrease for orange and grapefruit growers in Texas’ Lower Rio Grande Valley.
- Here is the interim rule for changes in asylum policy.