The Hill cited the Competitive Enterprise Institute on the cost which federal regulations pass onto consumers.
One of the most successful policy achievements of the Trump administration and the 115th Congress has been rolling back excessive federal regulations.
The synergy between the executive and legislative branches has helped stymie a veritable wave of onerous and dubious regulatory actions that would have negatively affected businesses, taxpayers, families, and individuals just trying to make ends meet.
Since the 1970s, the power and reach of the administrative state has grown exponentially. A recent report by the Competitive Enterprise Institute shows that the total cost of compliance with federal regulations in 2017 was roughly $1.9 trillion. That cost is passed on to consumers through higher prices for goods, services and utilities.