June 01, 2015

Vantage Point

Patrick J. Paul

The Competitive Enterprise Institute observes that the impact of federal regulations currently exceeds 50 percent of annual federal government spending and concludes that if U.S. federal regulation were a country, it would be the world’s tenth largest economy. Currently, sixty federal departments, agencies, and commissions have more than 3000 regulations in development. The U.S. Environmental Protection Agency (EPA) ranks among the top six federal rulemaking agencies, which together account for almost half of all federal regulations. There are in fact so many federal regulations that the government maintains a website on which information on the development of federal regulations and other related documents may be found and in some instances commented upon. The proliferation of federal regulation can be counted on no matter the party in power.

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