The Hill highlights CEI's calculation of the Federal Communication Commission's 2015 regulatory costs.
The FCC is no poster child for efficiency for that matter. FCC Commissioner Mike O’Rielly has pointed out that the FCC, through information gathering requests alone, requires 73 million hours and $800 million just to fill out requests. The Competitive Enterprise Institute found that in FY 2015 the FCC spent around $464 million in regulatory development and enforcement, and it accounts for more than $100 billion annually in regulatory and economic impact.
It's pretty clear that the Obama FCC's aim was to expand its power, not to protect consumers. It used the hot-button word “privacy” to disguise the power grab.
Read the full article at The Hill.