That's the name of a new report out from the Heritage Foundation concerning the growth of new regulations under the Obama admin. In 2011 alone, we've seen 32 new major regulations created at a total cost of 10 billion annually. And quite a lotmore coming soon from the Dodd-Frank bill and ObamaCare. True, we've seen a modest uptick in recent months, but will it last as this president continues to burden businesses, particularly samll businesses with greater cost burdens.
The abstract:
Abstract: During the first three years of the Obama Administration, 106 new major federal regulations added more than $46 billion per year in new costs for Americans. This is almost four times the numberand more than five times the costof the major regulations issued by George W. Bush during his first three years. Hundreds more regulations are winding through the rulemaking pipeline as a consequence of the DoddFrank financial-regulation law, the Patient Protection and Affordable Care Act, and the Environmental Protection Agencys global warming crusade, threatening to further weaken an anemic economy and job creation. Congress must increase scrutiny of regulationsexisting and new. Reforms should include requiring congressional approval of major rules and mandatory sunset clauses for major regulations.
Red Tape Rising: Obama-Era Regulations
The abstract:
Abstract: During the first three years of the Obama Administration, 106 new major federal regulations added more than $46 billion per year in new costs for Americans. This is almost four times the numberand more than five times the costof the major regulations issued by George W. Bush during his first three years. Hundreds more regulations are winding through the rulemaking pipeline as a consequence of the DoddFrank financial-regulation law, the Patient Protection and Affordable Care Act, and the Environmental Protection Agencys global warming crusade, threatening to further weaken an anemic economy and job creation. Congress must increase scrutiny of regulationsexisting and new. Reforms should include requiring congressional approval of major rules and mandatory sunset clauses for major regulations.
Red Tape Rising: Obama-Era Regulations