It was a week with highs and lows in the regulatory world: an ozone proposal that could impose $15 billion in costs and a rule relieving $1.7 billion in burdens on truckers. Annualized costs were $13.9 billion, compared to $38.6 billion in benefits; paperwork declined by 45.2 million hours.
Regulators published $400 million in total regulatory costs this week, thanks to a proposal regulating Accountable Care Organizations. Annualized costs were $129 million, compared to $124 million in benefits, and 115,000 paperwork burden hours.
After the holiday weekend, regulators caught up on new rules, publishing more than $2.4 billion in costs this week. In addition, there were also more than 3.3 million paperwork burden hours added. Menu labeling rules for restaurants and vending machines led the week.
This week regulators added $221 million in regulatory costs. Annual burdens were $217 million, compared to $515 million in quantified benefits; agencies published more than 700,000 paperwork burden hours. A consumer safety rule for off-highway vehicles led the week.
This week regulators published just $81 million in annual burdens. There were no reported benefits, but there were more than 2.5 million new paperwork burden hours. A rule from the Centers for Medicare and Medicaid Services (CMS) on overpayment led the week.
Tuesday’s elections saw a major shift in the balance of Congress. However, there were relatively few actions of note amongst administrative agencies. In total, regulators published more than $260 million in compliance costs and 800,000 hours of paperwork against $225 million in benefits. Amended railroad safety standards and the implementation of Veterans Affairs (VA) reform led the week.
The Department of Education’s final Gainful Employment rule pushed yearly costs past $157 billion in 2014. In addition to the compliance burdens, the rule adds close to seven million paperwork burden hours. The Comptroller of the Currency (OCC) published the other notable rulemaking this week.
Regulatory activity was once again slow, with just $50 million in costs. There were more than a quarter-million new paperwork burden hours, however. An EPA proposal regulating mercury in dental offices and a final rule amending direct loan requirements led the week.
After three busy weeks of activity, regulators took a break during the last four days. Published costs were only $213 million and paperwork burdens declined by more than 700,000 hours. A proposal addressing energy consumption at federal buildings led the week.
Regulators didn’t slow down this week, adding more than $4.5 billion in total costs. Annual burdens were $3.7 billion, compared to no quantified benefits, and more than 2.8 million paperwork burden hours.