Administration’s First 2016 “Regulatory Review” Adds $16 Billion in Costs

President Obama signed executive orders (13,563 and 13,610) as part of an effort to “eliminate red tape.” Federal agencies were told to “modify, streamline expand, or repeal” existing regulations. The recent “retrospective reports” from the administration reveal that executive agencies have added more than $16 billion in regulatory costs, up from $14.7 billion in the previous update, and 6.5 million paperwork hours. Too often for this administration, regulations are regularly expanded and rarely repealed or modified.

The most recent publicly released plans from cabinet agencies finds that the plans contain new regulations instead of ways to streamline or eliminate redundant regulations. The updating agencies listed 409 rulemakings and amended paperwork requirements, up from 397 rulemakings in the previous report, with a median of 20 per agency. Among the listed rulemakings, net costs increased by more than $16.4 billion, with just two agencies reducing costs. Among the listed rulemakings, there was an increase of 6.5 million paperwork hours, led by EPA and Health and Human Services (HHS) (25.2 million hours). Once again, the Department of Transportation led the way on reducing burdens, eliminating $847 million in costs and more than 21 million hours of paperwork.

Click here to read the full publication →