In percentage terms, this new record exceeds the difference between Babe Ruth (714) and Henry Aaron’s (755) home run totals by more than a factor of three. Aaron would have needed to hit at least 850 home runs to beat Ruth’s record by the same margin as this year’s Federal Register beat 2010’s record.
Regulatory agencies issued 3,853 regulations, more than a 13 percent increase over last year, and the highest total since 2005. As my colleague Wayne Crews noted, this exceeds the number of bills Congress passed by a factor of 18. Congress technically holds all legislative powers, but the executive branch has clearly been busier on that front. Restoring a semblance of balance should be a top reform priority going forward.
The first few weeks of January will likely be just as busy as the Obama administration concludes its midnight rush. We shall see what the next administration brings. New rules from the last week range from herring to imported cars.
On to the data:
- Last week, 97 new final regulations were published in the Federal Register, after 130 the previous week.
- That’s the equivalent of a new regulation every one hour and 44 minutes.
- Federal agencies issued 3,853 final regulations in 2016. Last year’s total was 3,406 regulations.
- Last week, 2,201 new pages were added to the Federal Register, after 2,284 pages the previous week.
- The 2016 Federal Register totaled 97,110 pages. This well exceeds the 2010 Federal Register’s previous 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. 34 such rules were published in 2016, none in the last week.
- The running compliance cost tally for 2016’s economically significant regulations ranges from $24.1 billion to $37.1 billion.
- 311 final rules meeting the broader definition of “significant” were published this year.
- In 2016, 614 new rules affected small businesses; 105 of them are classified as significant.
Highlights from selected final rules published last week:
- The federal government runs a mentor program for small businesses. Here is a correction to its most recent rule.
- Testing procedures for walk-in coolers and freezers.
- Catch limits for herring.
- An elimination of sanctions against Burma, and an addition to sanctions against Russia.
- Clean Air Act regulations for imported cars.
- A 60-page regulation for Fannie Mae and Freddie Mac’s mortgage financing. This should end well.
- Pedicle screw systems are now called “Thoracolumbosacral Pedicle Screw Systems.”
- How much to charge for weighing things.