If you have not seen what just one week looks like after our politicians and other government officials do, you will be amazed and distrurbed by the volumen of new regulations. Then, think about the small business owner and look at the current state of the economny. Yes, one may believe we should freeze frame regulations and NOT allow any news ones. Second, examine the huge volume of current regulations and start hitting the “delete” key. From the Competitive Enterprise Institute and check out the link at the bottom.
Just another week in the world of regulation:
- Fifty-one new final rules were published during the Labor Day-shortened week, down from 74 the previous week.
- That’s the equivalent of a new regulation every 3 hours and 17 minutes — 24 hours a day, 7 days a week.
- All in all, 2,632 final rules have been published in the Federal Register this year.
- If this keeps up, the total tally for 2012 will be 3,839 new rules.
- Last week, 1,641 new pages were added to the 2012 Federal Register, for a total of 55,324 pages.
- At its current pace, the 2012 Federal Register will run 79,489 pages.
- Rules are called “economically significant” if they have costs of $100 million or more in a given year. The 35 such rules published so far in 2012 have compliance costs of at least $17.3 billion. Two of the rules do not have cost estimates, and a third cost estimate does not give a total annual cost. We assume that rules lacking this basic transparency measure cost the bare minimum of $100 million per year. The true cost is almost certainly higher.
- Four economically significant rules were published last week.
- So far, 266 final rules that meet the broader definition of “significant” have been published in 2012.
- So far this year, 964 final rules affect small business. 71 of them are significant rules.
Highlights from final rules published last week:
- Another week, another economically significant migratory bird-hunting regulation. Since it again says nothing about compliance costs, I’m scoring it as zero-cost for this year’s running tally.
- Three new economically significant rules from the health care bill were published last week. First, electronic recordkeeping rules will cost an estimated $181,584,656. Second, assigning every health insurance plan in the country its own unique ID number will cost an estimated $650 million to $1.3 billion. I have used the lower number for the running compliance cost tally.
- The third health care rule regards Medicare payments for inpatient care will win no awards for transparency. The cost estimate provides no totals for its many separate components. Since it appears to affect government spending as opposed to compliance costs, I am scoring it as zero-cost for the running tally.
- If you are interested in storing explosives, you should be aware of a new FAA rule about where you are allowed to site them.
- The FAA is also no longer approving flight plan J-528 because “the route is too short to serve a useful navigation or air traffic control purpose[.]”
- New accountability measures for snapper-grouper fisheries in the South Atlantic.
For more data, go to TenThousandCommandments.com.