Red Tape Rising: Obama-Era Regulation at the Three-Year Mark
Anonymous Posted Mar 20, 2012 9:15 AM
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.