Insight
June 9, 2014
Inside the Administration’s Spring 2014 Regulatory Agenda
For the fourth consecutive edition, the administration released its Unified Agenda of regulation immediately before a holiday weekend. The previous iterations were issued right before Thanksgiving, July 3, and before Christmas. Like previous editions, there are few new revelations in the agenda, but there are still notable regulations and target dates for finalizing significant measures. The American Action Forum (AAF) found this agenda could impose $126 billion in total possible costs.
The administration listed 19 new “major” regulations, including two significant energy efficiency standards and a second round of greenhouse gas standards for heavy-duty vehicles and engines.
The Environmental Protection Agency (EPA) listed 23 rulemakings not previously published, including “Startup Shutdown Reconsideration” for its Utility MACT rule and a firm December 2014 date for proposing new ozone standards.
It appears June 2014 will be a busy month for significant regulation. The administration plans to publish final calorie labeling requirements for restaurants and vending machines and greenhouse gas guidelines for existing stationary sources.
Below, AAF presents notable rulemakings organized by date and possible compliance costs based on proposed rule estimates.
|
May 2014 |
||||
|---|---|---|---|---|
|
Agency |
Rule Stage |
Title |
RIN |
Possible Cost (in Millions) |
|
Energy |
Final |
Conservation Standards: Walk-In Coolers |
||
|
June 2014 |
||||
|---|---|---|---|---|
|
CFPB |
Proposed |
Requirements for Prepaid Cards |
||
|
DHS |
Final |
Passenger Security Fee |
||
|
EPA |
Proposed |
GHG Guidelines for Existing Sources |
||
|
EPA |
Proposed |
GHG Guidelines for Modified Sources |
||
|
HHS |
Final |
Calorie Labeling: Restaurants |
||
|
HHS |
Final |
Calorie Labeling: Vending Machines |
||
|
HHS |
Final |
Covered Outpatient Drugs |
||
|
July 2014 |
||||
|---|---|---|---|---|
|
Energy |
Final |
Conservation Standards: Furnace Fans |
||
|
Energy |
Proposed |
Conservation Standards: Warm Air Furnaces |
||
|
October 2014 |
||||
|---|---|---|---|---|
|
Education |
Final |
Gainful Employment |
||
|
EPA |
Final |
Formaldehyde Emissions Standards for Composite Wood Products |
||
|
EPA |
Final |
Underground Storage Tank Rules |
||
|
DOL |
Final |
Personal Fall Protection Systems |
||
|
HHS |
Proposed |
Updated Standards for Labeling of Pet Food |
|
November 2014 |
||||
|---|---|---|---|---|
|
Energy |
Proposed |
Conservation Standards: Gas Furnaces |
||
|
Energy |
Final |
Conservation Standards: Fluorescent Lamps |
||
|
EPA |
Final |
New Residential Wood Heaters |
||
|
December 2014 |
||||
|---|---|---|---|---|
|
DOJ |
Final |
Implementation of ADA Amendments |
||
|
DOL |
Final |
Persuader Agreements |
||
|
EPA |
Final |
Coal Combustion Residuals |
||
|
EPA |
Proposed |
Review of NAAQS for Ozone |
||
|
Treasury |
Final |
Assessment of Fees for Large Banks |
|
January 2015 |
||||
|---|---|---|---|---|
|
DHS |
Final |
Worker Identification Credential |
||
|
DOL |
Proposed |
Conflict of Interest-Investment Advice |
||
|
Energy |
Final |
Conservation Standards: Commercial Ice Makers |
||
|
EPA |
Final |
GHG Guidelines for New Sources |
||
|
February 2015 |
||||
|---|---|---|---|---|
|
DHS |
Final |
Importer Security Filing |
||
|
March 2015 |
||||
|---|---|---|---|---|
|
EPA |
Proposed |
Phase 2: GHG Standards for Heavy-Duty Engines, Vehicles |
||
|
SEC |
Final |
Rules for Security Swap Dealers |
||
|
June 2015 |
||||
|---|---|---|---|---|
|
HHS |
Final |
Regulation on the Sale of Tobacco Products |
||
|
September 2015 |
||||
|---|---|---|---|---|
|
EPA |
Final |
Effluent Guidelines for Power Plants |
|
October 2015 |
||||
|---|---|---|---|---|
|
HHS |
Final |
Produce Safety Regulation |
|
March 2016 |
||||
|---|---|---|---|---|
|
HHS |
Final |
Sanitary Transportation of Human and Animal Food |
|
To Be Determined |
||||
|---|---|---|---|---|
|
DOL |
Final |
Exposure to Crystalline Silica |
||
|
DOT |
Final |
Commercial Driver’s License Clearinghouse |
||
|
EPA |
Final |
Agricultural Worker Protection Standards |
||
|
HHS |
Final |
Serving Sizes of Foods |
||
|
HHS |
Final |
Revision of Nutrition Labels |
||
|
SEC |
Final |
Standards for Covered Clearing Agencies |
Total Possible Cost: $126.5 Billion
The possible cost of $126 billion is based on proposed rule estimates for pending rulemakings. The American Action Forum omitted possible costs of rules that have not yet been published. Obviously, these burdens are based on how quickly, or slowly, the administration releases new regulations. The administration is on pace for approximately $130 billion in regulatory costs for 2014, so the figures in this Unified Agenda could prove to be accurate.
